FCI & Lender

Features FCI & Lender

The FCI (Food Corporation of India) App serves as a centralized platform for collecting essential details when farmers sell their produce at FCI godowns.
It efficiently captures information regarding the produce or cultivation, ensuring accurate record-keeping.
Moreover, this versatile app can be easily adapted for use in Milk societies and vegetable markets (Ulavar santhai), facilitating seamless data collection across various agricultural sectors.The Lender App offers lenders a comprehensive interface to manage loan requests originating from the Farmer App.
It provides lenders with detailed insights into potential borrowers by displaying their personal details sourced from the Farmer App, produce information collected through the FCI App, and crucial financial analytics such as CIBIL score, Debt to income ratio, and security value to loan ratio.
This empowers lenders to assess the feasibility of lending to specific farmers efficiently.
Additionally, the app allows lenders to verify loan requests, propose interest rates, or reject applications as needed.
Once a loan request is verified, the app communicates the status and proposed interest rate back to the farmer via their app.
This seamless interaction streamlines the process, allowing farmers to express interest and lenders to sanction loans promptly.
Overall, our integrated solution ensures a comprehensive data collection loop, covering farmer information, loan requests, verification processes, and loan sanctioning, thereby enhancing efficiency and transparency in agricultural lending.