Introducing ‘Real Time Investing’ in farmers

You can now provide instant credit to farmers in real time.
Chandni Sawlani
Chandni Sawlani
Mar 17

The Context

11,995 farmers in Maharashtra committed suicide during the period of January 2015 to the end of 2018. 36.5 percent or 4384 suicides took place alone in Maharashtra’s Amravati region, with Yavatmal district having the highest numbers.

The Problem

For small and marginal farmers whose primary source of subsistence is agriculture, the inability to wait for a better price for their produce leads to distress selling and informal borrowing at exorbitant interest rates. 

Shot in the markers of Yavatmal where farmers are often forced to sell their produce at significant losses.

Our New Impact Partner

We are proud to announce that we have partnered with Gramhal, an innovative agtech startup that is working in Yavatmal to ensure that no farmer has to die to feed their planet.

Farmers from Yavatmal smiling proudly with their sacks of farm produce.

Gramhal’s Solution

Gramhal provides a host of post-harvest services that enable farmers to sell their grains at the right time.

  • Affordable doorstep warehousing.
  • Access to affordable formal credit.
  • Higher earnings for their farm produce.
A Gramhal team member stacking sacks of produce in their warehouse.

Partnership with Rang De

We are working with Gramhal to provide instant credit to farmers at interest rates as low as 5% APR. This partnership will ensure that farmers have the required funds to take care of their needs, while they wait for the right time to sell their produce.

Key Features of Real Time Investing (RTI)

RTI is a unique social investing opportunity being piloted for the first time ever to provide real time credit to the farmers of Yavatmal.

  • Your social investments will reach farmers in real time.
  • Interest Rate:  5% APR (50% lower than a public sector bank).
  • Loan tenures: 1 week – 6 months.
  • Repayment mode: 1 bullet repayment.

Your Impact as a Social Investor

By investing in the farmers of Yavatmal, you are enabling them to choose when to sell their produce. This is key to ending the vicious debt cycle that many of our farmers are caught in.

Sources



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