Context:
Agri-fintech start-up Dvara E-Registry has launched a new Micro Loan Against Property (Micro LAP) product aimed at delivering secured, asset-backed credit to small and marginal farmers and other participants in India’s agricultural value chain.
Key Highlights:
- Product Purpose:
- Provides longer-term, secured credit using immovable assets as collateral.
- Targets agri-entrepreneurs and farmers for enterprise growth, diversification, and livelihood stability.
- Expands beyond traditional short-tenure farm loans.
- Tech-Driven Credit Model:
- KhetScore:
- AI-powered, satellite-based credit scoring engine.
- Analyzes crop health, land use, and irrigation to assist lenders.
- Doordrishti Platform:
- Integrates FPOs, farmers, agri-input providers, buyers, and lenders.
- Ensures transparency, connectivity, and efficiency in the agri-value chain.
- KhetScore:
Significance
- Promotes financial inclusion for smallholders in agriculture.
- Enables asset-backed lending in underserved rural areas.
- Strengthens India’s agri-fintech and FPO ecosystem.
- Bridges the credit gap with data-driven lending decisions.
