The National Commodity and Derivatives Exchange (NCDEX) partners with Arya - India’s largest post-harvest Agritech player to deliver a series of knowledge sessions for farmers and FPOs in Maharashtra.
Profitable market linkages are a critical aspect for better realization by producers. Through its knowledge services platform, Arya and NCDEX are training 150 farmers from five FPOs of 50 villages in Maharashtra for marketing of their produce through commodity exchange. Based on feedback and progress is expected to be expanded to further states and FPOs on mutual agreement.
Last year, Arya partnered with the UNDP, CDC-DFID, and various government organizations like UMED, MAVIM and UPSRLM to deliver knowledge services and training to 150,000 farmers across the country.
Commenting on the session, D. Chattanathan, Co-founder Arya said, “Arya has been trying to improve the income stream of famers by enabling access to finance, storage and market linkages nearer to the farm gate. Tech-enabled practices will only help the farmers improve output quality, increase productivity and ensure better returns for their commodity. These capability building and skilling programs prepare small holders and their organizations to embrace technology and innovative solutions which inturn will enable them to improve their incomes.”
Piyush Jain, Manager - FPO team, NCDEX said, “Through its exchange facilitated market linkage offering, NCDEX endeavors to impart greater transparency, efficiency and better price for farmers produce. We hope our collaboration with Arya in training farmers on commodity exchange offerings will increase smallholder participation in exchange transactions.”
About Arya:
Arya is India’s leading Agritech start-up with a focus on integrated post-harvest services. Driving technology through a human-centered approach, Arya’s Agritech and Fintech platform leverages technology to bridge the Last Mile.
Through its profitable business model with over 5.0 million tonnes of storage capacity across 5,500 warehouses in 21 Indian states, Arya helps farmers, aggregators, Farmer Producer Organizations, food processors and end-user corporates avoid post-harvest losses.
It efficiently connects the supply side of the Agri ecosystem with the demand side. Arya assists sellers of agri-commodities to avoid distress sale of produce by extending post-harvest credit. It has completed loan disbursements of over Rs 4400 Crores.
It’s integrated and easy-to-use platform also helps users to choose ancillary services like warehouse management, access to finance, quality testing, storage protection services, and connects produce to buyer through a robust technology-enabled back-end ecosystem.
