Samunnati is a non-deposit taking Non-Banking Financial Company registered under RBI Act. Samunnati offers customised financial and non-financial solutions to agriculture and allied value chain players across the country. We work with various value chain players starting from Farmer Producer Organisations at the supply side and Agri Enterprises such as traders, processors, exporters, processors, input supply chain players, etc. at the demand side of the value chain.

FAQs Archive - Page 3 of 3

Q: Is the interest calculated as simple or compound interest?

FPOs can repay loans in easy instalments, bulk payment, by paying interest on a monthly basis or repaying the principal amount at the end of tenure as per the sanctioned limits. All the financial solutions facilitated by Samunnati are on reduced interest basis. If FPO fails to repay the loan amount within the agreed time period, penal interest would be added for the additional period.

Q: What kind of documents are required to avail credit?

Upon the assessment of the FPO based on the rating tool and field visit report of the RM, FPOs have to share the following documents for preparation of CAM (proposal) and further appraisal process. Based on the scrutiny, we will decide total sanction limits and other services to be facilitated. Documents required to process the FPOs loan application: Aadhar card (front and back) and PAN card copies of board of directors. KYC documents of the FPO - GSTN, PAN, MOA, by-law, registration certificate, trade license, FSSAI license Business plan for the current year and beyond. Audit report of last two to three years. IT returns documents of last two to three years. Bank statement for the previous year. Month wise purchase and sales details. Top five suppliers and buyers details. Board of directors details like name, mobile number, father name, village, agriculture experience, education, land holding. A few sample purchase and sale invoices Letter of request asking for input/output/infrastructure/value addition loans. Name of cheque signatories. A brief information on the FPO and the promoting institution. Seed, fertilizer and pesticide licenses with latest renewals. A few photos of input shop, collection centre, BOD meeting, Office etc. Mandi license to trade.

Q: How can my company partner with Samunnati?

At our core, we are driven by a passion to empower smallholder farmers. For helping out farmers and FPOs across the country, or partnering with our agriculture enterprises vertical, click here

Q: Who are the value chain players already funded by Samunnati?

As of May 2019, Samunnati is working with more than 500+ FPOs in 16 States across the country that include those promoted by some of the leading Indian institutions like ASSEFA, Outreach, Myrada, Pradhan, Dilasa, Reliance Foundation etc.

Q: How does Samunnati help FPOs?

After a complete assessment of the requirements of an FPO, we customise our solutions - input loan, output loan, catalytic infrastructure and market linkages - to suit their specific needs. We adopt a strategic approach of enabling FPOs with aggregation, market linkages and offering advisory services to scale their business faster.