This blog, the third and final piece in this series, focuses on partnerships between AgTechs and financial institutions to improve access to finance for farmers. It also offers recommendations to improve the AgTech ecosystem in India.

This blog, the first in a three-part series, highlights the skewed penetration of formal financing for farmers in India. It also examines the challenges that financial institutions face while offering credit to small and marginal farmers in the country.

India is home to 146 million farmers, 86% of which are small and marginal farmers. Although agriculture is a key economic activity in India and employs almost 55% of the population, access to finance remains a challenge for most farmers, especially the small and marginal ones.

Gramcover, a digital insurance platform, works to provide affordable insurance solutions to the low- and middle-income segments in India. Their technology-led distribution and servicing model reduces the inefficiencies and transaction costs involved in purchasing insurance policies.

Finlok is a financial platform that helps people save money and avail hassle-free credit through a group savings-based financial model. This blog explores how the platform will help the low- and middle-income segments gain greater control over their finances.

MicroSave Consulting (MSC) partnered with Burnmark to conceptualize the Inclusive Fintechs Quadrant report. The report highlights 30 of the top global fintechs that are working towards financial inclusion.

The current landscape suggests a growing influence of fintechs in India. However, growth and investments have primarily confined in the payments and credit domains, and in a few metro cities.

This case-study will provide you a sneak-peek to the journey of the creation of the first “cashless” panchayat in Odisha.