HOW IT WORKS

Inclusive Growth Chain is a digitized lending system based on the BlockChain platform that brings transparency, reliability by reducing the risk of bias and corruption between Agricultural intermediaries. 

It is a one stop solution for farmers in need of faster and easier to access financial support.

This solution enables all the stakeholders to view the same copy of information at any given time, based on their respective roles/authority.

Phases

Phase I: Build a robust digitized version of Agri-value chain financing based on the actual ground research. Connect all the pieces from farmer on boarding, loan application & compliance process, lending based on credit score, loan utilization and monitoring of the approved finances.

Phase II: Provide easy connect and make the app a farmer’s meeting place enabled with AI/ML (Artificial Intelligence/ Machine Learning) based Advisory Services.

This platform is starting with a network of 30,000 stakeholders in phase 1 and aiming to reach 5 million in Phase 2. It will eventually connect all Agri Ecosystem players and establish strong market linkages for distributing wealth to the farmers.

Value Proposition

Expected Outcomes

1. Farmer Centric Value Chain Network: Blockchain solution to democratize value chain in agriculture and thereby increase farmer productivity

​2. Strengthening Farmer Collectives: Strengthening Farmer Producer Companies (FPOs) by providing integrated farmer ecosystem-digital solutions for scalability and increasing bargaining power

3. Technology Enabled Solutions:

Increasing access to resources through blockchain, AI and ML enabled platform for higher participation by ecosystem’s players, due to decrease in market frictions

Blockchain can connect farmers with vendors, food processors, and packaging firms, allowing buyers and sellers to interact without an intermediary in a secure and trusted environment. It also eliminates the requirement for intermediaries to be paid out of farmers’ margins, thereby increasing their profit portion. It will improve asset traceability, accurate data on farmers’ input requirements to input suppliers, and inventory data to output providers. This will help in increasing the future cash flow predictions, enabling lenders to purchase inputs on behalf of the farmers’ and provide trade finance to farmers.