Jai Kisan full-stack financial technology platform links multiple existing rural stakeholders such as financial institutions, equipment manufacturers/distributors/vendors and institutional agricultural produce buyers.
Jai Kisan helps lenders to distribute financing cheaper – Financial institutions are able to leverage our virtual market network to distribute financing through Jai Kisan, thereby reducing CAPEX investment to reach customers within the last mile of rural India. Through Jai Kisan, most lenders can lend at ~16% rather than ~24% due to decreased costs, better analysis, lower risk, etc.
Jai Kisan creates a digital footprint for the borrower through better underwriting- Jai Kisan’s loan origination system reduces the credit evaluation and processing costs of loan disbursement. Financial institutions can also leverage the Jai Kisan on-ground sales force to have an in-person touchpoint with the customer bolstered by the loan management system to track and monitor loans and repayments.
Jai Kisan introduces a seamless financing process to all rural and agriculture borrowers – Equipment vendors leverage the Jai Kisan platform to increase their geographic presence by offering their products to an increased geographic presence through the virtual market network. These vendors are able to utilize the technology platform to evaluate customer’s credit eligibility, validate customer KYC documents seamlessly, and disburse financing in less than 1 week comparative to 3+ weeks with comparable financial institutions. In addition, institutional agricultural produce buyers also leverage the benefits of the platform to avail input and invoice financing facilities for their farmer networks, thereby being able to pass the credit burden of their farmers to formal financial systems rather than take it upon themselves as was the case before Jai Kisan. In addition, through Jai Kisan, farmers across Agri, Dairy, Poultry and allied businesses are now able to realise the dream of immediate payment on sale of produce.