India’s 80 million dairy farmers depend on livestock such as cattle for their livelihood and rely on loans to purchase livestock. The existing process to avail credit for acquiring additional cattle involves high costs borne by dairy farmers, substantial physical documentation and cumbersome manual verification processes resulting in a high turnaround time of 4-6 weeks.

RBIH’s initiative streamlines the process of obtaining loans for cattle through end-to-end digitalisation, thereby enabling seamless access to credit. In the pilot undertaken by RBIH, a process innovation was introduced by providing milk pouring data and cash flow data from milk federations like Amul to lenders, enabling dairy farmers access to cattle loans within minutes.