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Unnati Subsidiary Ora Finance receives NBFC Licence

Published on May 12, 2023
Current Context: Unnati, a fintech-driven agritech firm, announced that its subsidiary Ora Finance has become the first firm to receive NBFC licence in agritech space.
Unnati Subsidiary Ora Finance receives NBFC Licence
  • The move will allow the company to meet the financial requirements of those in the agricultural sector, like farmers, retailers, traders, brands, and food processors.
  • Ora Finance will target its services to farmers, retailers, traders, distributors, food processors, manufacturers and brands focused on the agriculture sector.
  • Unnati has a network of over one lakh registered retailers and traders who use its uStore app to engage with the farmers and manage their agri-business on a day-to-day business.

Question:

Q.1 How many farmers do the partners of Unnati reach out to through its apps?
a. 1.3 million
b. 13 million
c. 130 million
d. 1.3 billion
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