End-to-End
Digitalisation of Cattle Finance

Mission
Unlocking frictionless farm credit for 75 million dairy farmers in India through digitalisation of the cattle financing processes.

Reduced Turnaround Time
(TAT)

Paperless
process

Reduced
Costs
India is the world’s leading producer of milk and continues to register a healthy annual growth year-on-year. Farmers depend on livestock for this milk production, and for other agricultural activities.
As such, they require access to finance to purchase livestock – and the RBIH Cattle Financing project aims to leverage technology to digitalise the process end-to-end.
Key Issues Identified From
Field Study

Paper-based Process
Manual, time-consuming application process

High Turnaround Time (TAT)
Availing institutional credit can take up to three weeks

Insufficient data
Lack of credit scores and inaccurate data result in inefficient underwriting

Proposed Solution
The project aims for a paperless loan application process that utilises milk collection data from cooperative societies. The loan applications will be facilitated by a business rules engine (BRE).
The process will be as follows:

Farmer applies for a cattle loan online / via BC mode / bank branch / milk society outlet

Applicant is verified through e-KYC via micro ATM

Bank fetches farmer’s milk pouring data via an API integration with the milk society’s ERP

Applicant’s milk pouring data, payments data, milk society membership certificate etc are captured

Applicant’s milk pouring data, payments data, milk society membership certificate etc are captured