Unnati’s Ora Finance Becomes First Agritech Firm to Receive NBFC License

• ByStartup Story Team     |    May 11, 2023

Unnati, a fintech-based agritech company, made an announcement today regarding its subsidiary, Ora Finance, becoming the first-ever agritech firm to receive an NBFC license. This license will enable the company to cater to the financial needs of farmers, traders, retailers, food processors, and brands operating in the agricultural sector.

With its uStore app, Unnati has established a vast network of over 100,000 registered traders and retailers who are actively engaged in the agricultural sector. This app enables them to efficiently manage their agri-business and communicate with farmers on a daily basis. Unnati’s partner network operates through its app, which reaches out to more than 1.3 million farmers.

Over the years, Unnati has facilitated a comprehensive range of services related to product procurement, crop production, cultivation, and sales. This has resulted in increased yields and profits for farmers, as claimed by the company.

As part of its operations, Ora Finance intends to collaborate with several partners, including Unnati’s network. This partnership is expected to offer Unnati’s network members access to an array of credit products that are user-friendly, cost-effective, and equitable, as per the company’s claims.

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