Sohan Lal Commodity Management Limited (SLCM), a leading post-harvest logistics and Agri-solutions company in India, has partnered with IDBI Bank and Punjab & Sind Bank to provide unified collateral management services across India. This collaboration marks Punjab & Sind Bank’s first-ever tie-up in collateral management services and expands SLCM’s portfolio to 27 banking partners across India and Myanmar. With this partnership, SLCM aims to provide innovative, technology-driven solutions for collateral management, ensuring transparency, efficiency, and scalability across the agriculture value chain.
The partnership will enable farmers and agri-stakeholders to access post-harvest credit at competitive rates, furthering financial inclusion and strengthening India’s agricultural economy. SLCM’s extensive network covers 22 states across India, with over 20,742 warehouses and 96 cold storage facilities, offering post-harvest solutions for more than 1274 commodity variants. Through this partnership, farmers dealing in commodities such as cotton, pulses, maize, spices, and other staples will gain access to comprehensive financing and collateral management services.
SLCM has achieved remarkable growth, generating storage receipts worth Rs 88,219 crore to date, with a 257% surge in the past five years. The company’s warehousing business has been growing steadily, driven by the strong trust that stakeholders place in SLCM’s capabilities. SLCM’s patented technology platform, ‘Agri Reach’, enables real-time monitoring of Agri-commodities and ensures efficient, transparent, and secure storage. Agri Reach has significantly reduced post-harvest losses from the industry average of 10% to just 0.5%, directly benefiting millions of farmers, FPOs, and agri-businesses across the supply chain.
The partnership with IDBI Bank and Punjab & Sind Bank is a significant milestone for SLCM, underscoring its credibility and extensive reach in the Agri-finance ecosystem. SLCM’s Group CEO, Sandeep Sabharwal, stated that the partnership reflects the growing trust in SLCM’s scientific and industry-proven collateral management and warehousing services. The company’s CBO cum Director, Salman Ullah Khan, expressed that the growth in the warehousing business is driven by the strong trust that stakeholders place in SLCM’s capabilities, and the company is committed to supporting future growth and innovation.
Overall, the partnership between SLCM, IDBI Bank, and Punjab & Sind Bank is expected to have a positive impact on India’s agricultural economy, enabling farmers and agri-stakeholders to access credit at competitive rates and strengthening the Agri-finance value chain. With its innovative technology platform and extensive network, SLCM is well-positioned to continue driving growth and innovation in the Agri-solutions sector.