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Arya Startup partnered with SBM Bank India

Published on August 14, 2021
Current Context: The Agritech start-up Arya has entered into a partnership with SBM Bank India for the purpose of commodity financing.
Arya Startup partnered with SBM Bank India
  • The partnership will provide customized financial solutions to the Agri traders and Agri entrepreneurs of India.
  • Both the entities will ensure to ease the finance lending process and offer financial support on time to the beneficiaries dealing in the Agri domain.
  • The Arya provides integrated post-harvest services and helps its members with warehouse management, finance support, quality testing, storage protection services, and connecting producers to buyers.
  • It supports communities like farmers, aggregators, farmer producer organisations (FPOs), food processors and end-user corporates.
  • Through this partnership, the SBM Bank India will be enhancing its presence in agri sector lending.
  • Static Part: 
    • HQ of SBM (State Bank of Mauritius) India: Mumbai
    • MD and CEO of SBM Bank India: Sidharth Rath

Question: 

Q.1 With which bank has Agritech start-up Arya partnered for the purpose of commodity financing?
a. SBI
b. Karnataka Bank
c. Federal Bank 
d. SBM Bank India
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