Agri service solutions provider Sohan Lal Commodity Management (SLCM) having operations across India and Myanmar has tied up with HDFC Bank and IndusInd Bank to provide collateral management services.
SLCM will leverage its proprietary (patent pending) technology ‘Agri Reach’ and support both these banks towards offering more efficient post-harvest credit and storage service to farmers, millers and other stakeholders in the agriculture sector.
This tie-up will not only help improve the farmers’ access to post-harvest credits at affordable interest rates, it will also provide easy access to scientific storage facilities leading to a fair price discovery of their produce in the market.
SLCM’s Agri Reach with its scientific technology and standard operating procedures has been able to demonstrate its capability to reduce post-harvest losses from the current 10 percent to a mere 0.5 percent irrespective of infrastructure, crop or geographical location. This has been duly validated in a study by the industry body FICCI as well.