India's farmers got faster loans. Then the prices crashed
Description
Arya.ag helped India's farmers escape the grip of moneylenders.
They could now store their grain in proper warehouses, get loans in seven minutes, and wait for better prices instead of selling at harvest-time lows. But there's a problem: agricultural prices have crashed to five-year lows.
Wheat that sold for Rs 4,000 per quintal two years ago now fetches just Rs 2,600. For farmers like Himanshu and Neetu, the math is brutal—saving Rs 18,000 on interest means little when revenue has dropped by Rs 70,000. So, what's happening?
Tune in.
Take this survey to share your best prompt.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
United States
