Ayekart Fintech and ACCESS Development Services to bolster Agricultural Output Markets
By Gloria Mathias
Ayekart, an Agri-FinTech empowering Farmers/FPOs and MSMEs in the food and agri-value chain, has announced the signing of an MoU with ACCESS Development Services, an organisation dedicated to fostering sustainable development in the agricultural sector.
This collaboration aims to facilitate access to remunerative markets for agricultural commodities by leveraging the strengths of both organisations. The MoU was formalised with a significant milestone, where FPOs in Madhya Pradesh and Odisha facilitated 200 metric tonnes of maize supply.
With a joint approach, Ayekart and Access Development Services will work closely to identify marketable surpluses of various agricultural commodities sourced from farmers through Farmer Producer Organisations (FPOs) and facilitate remunerative markets.
The collaboration signifies a strategic move towards strengthening the agricultural supply chain, ensuring fair returns to farmers, and fostering sustainable agricultural practises. Moreover, Ayekart FinTech’s digital platform has integrated the entire supply chain, offering a promising solution for digitising farmer-producer organisations (FPOs) and enhancing transparency and efficiency in agricultural operations.
Debarshi Dutta, Co-founder & CEO of Ayekart, said, “We are incredibly pleased to announce the signing of this MoU with Access Development Services. At Ayekart, one of our key mottos is to digitise India’s food and Agri value chain, help rural FPOs, and empower them. Through this collaboration, we aim to contribute to the economic well-being of farmers by creating avenues for them to connect with remunerative markets. Together, we envision a future where every farmer has the means to thrive in a dynamic and lucrative agricultural landscape.”
Access Development Services spokesperson, Shubhendu Dash, Vice President & Head farm Sector said, “This MoU has opened avenues of remunerative markets for farmers through different FPOs. The Ayekart Platform has already shown positive outcomes by initiating a procurement of 200 MT Maize from FPOs in Bundelkhand region of Madhya Pradesh. This has helped to establish a cohesive bond between Ayekart and ACCESS-supported FPOs, and we would replicate this model soon to other States with multiple commodities. We are also hopeful that the DigiTech platform of Ayekart shall help improve the operational efficiency of the FPOs.”
IBSi Daily News Analysis
February 22, 2024
ACCESS Development services
What makes Bahraini Islamic Finance industry so robustRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage