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With which bank has Agritech start-up Arya partnered for the purpose of commodity financing?
A)
HDFC Bank
B)
SBM Bank India
C)
Federal Bank
D)
Karnataka Bank

Correct Answer : Option (B) - SBM Bank India


Agritech Startup Arya partners with State Bank of Mauritius-India for financing commodities.State Bank of Mauritius-India (SBM Bank India) which has its headquarters in Mumbai also has a  presence across the top-six metropolitan cities of the country.
Arya provides integrated post-harvest services. Its platform helps users to choose ancillary services like warehouse management, access to finance, quality testing, storage protection services, and connecting produce to buyers.
The start-up helps farmers, aggregators, Farmer Producer Organisations (FPOs), food processors and end-user corporates avoid post-harvest losses. It assists sellers of agri-commodities to avoid distress sale of produce by extending post-harvest credit. 

Published On : August 14, 2021
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