Agriculture is the largest employer of India which
constitutes 50% of its workforce and also a contributor to 17-18%
in its GDP. Still, it is one of the most disorganized and disjointed
sector.Somewhere this sector has not been given due attention
and itcan be proven with the fact that the GDP contribution of
this sector has fallen from 43% to 18% (1970- 2018).Though the
Indian Government is digitally driving to provide financial
inclusion to more than 145 million households that are not
having access to banking services but still the farmers
aremajorlyusing traditional credit for their basic and main two
factors; Production & Consumption (Distribution). The financial
segment has an important role to make agriculture aprime
contributorto the economic growth of the country and also in
reducing poverty. A fast-evolving technological landscape is
bringing up new potential to focus&provide credit, risk-sharing,
and to explore technology to enhance agricultural productivity.
Our paper firstly examines agricultural finance in the Indian
context and then discusses how financial technology (Fin-Tech)
can drive new products in credit and risk markets in India. We
evaluate the role of mobile banking, financial literacy, digital
financial services, digital financial technology, and block-chain
technology. The paper is concluded with a discussion of policy
takeaways for Fin-Tech in agriculture to promote agricultural
growth, enhance financial inclusion, and improve regional
economic integration through agriculture.