News > Connecting farmers to banks: Agritech start-ups are helping to achieve financial inclusion
Connecting farmers to banks: Agritech start-ups are helping to achieve financial inclusion
The Outreach | 12/03/2022 03:34 PM | Click to read full article
Money is structurally made by producers by storing (and storing only) their harvested crop to capture better prices. Therefore, access to storage is the prime determinant of profitability.
In India, the financial position of farmers is so weak that without credit they cannot afford to store and capture the price increase.