Problem: Majority of farmers in India are small and marginal farmers, who lack the resources as well as knowledge to adequately store their produce, leading to post harvest grain loss as well as deterioration of grain quality. These farmers do not get access to institutional services. This leads to massive loss of produce due to poor storage and also results in exploitation of farmers in the hands of the traders, because farmers need immediate liquidity to cater to their expenses and credit repayments.
Solution: Ergos has one of the most unique models in the Agri-tech landscape. We are building a “Grainbank” which provides doorstep access to end-to-end post-harvest supply chain solutions to small and marginal farmers enabling farmers to convert their grains into tradable digital assets, avail credit against those assets through partner NBFCs and Banks, and get better prices for their produce.