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In 50 Words: How Arya.ag aids farmers with crop-backed loans
Indian agritech startup Arya.ag empowers farmers by offering loans backed by their crops, replacing high-interest local lenders. The company stores farmers’ produce as collateral for loans and helps them sell at favorable prices.
Arya.ag has been profitable since 2013, with its latest financial year showing a net profit increase from US$186,000 to US$1.4 million.
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