Fintech-driven agritech firm Unnati today announced that its subsidiary Ora Finance has become the first firm to receive NBFC licence in agritech space.
The move will allow the company to meet the financial requirements of those in the agricultural sector, like farmers, retailers, traders, brands, and food processors.
Unnati has a network of more than 100,000 registered retailers and traders who use its uStore app to engage with the farmers and manage their agri-business on a day to day business. These partners reach out to more than 1.3 million farmers through its apps.
The company claims to have facilitated all aspects of product procurement, crop production, cultivation, and sales over the years, thus helping farmers increase yield and profits.
Ora will work with multiple partners and one of them will be Unnati network also. According to the company, it will enable the network of Unnati to avail of various credit products which are simple, fair priced and easy to use.