Fair Price Shop (FPS)
A Fair Price Shop (FPS) is a government-authorized retail outlet operating under India’s Public Distribution System (PDS). FPS outlets play a critical role in the distribution of essential commodities such as rice, wheat, sugar, and pulses to eligible beneficiaries at subsidized rates.
These outlets function under the supervision of State Governments and the Department of Food & Public Distribution, ensuring transparency, accountability, and effective last-mile delivery of welfare schemes. FPS owners serve as a vital link between the government and citizens, particularly in rural and economically underserved regions, contributing significantly to food security and social welfare.
Ethics Fintech enables Fair Price Shop owners to access structured, technology-driven financial solutions through the IBF (Invoice-Based Financing) digital lending ecosystem, in partnership with regulated financial institutions. Our approach focuses on simplifying access to working capital while maintaining the highest standards of governance and compliance.
By supporting food security and livelihood sustainability, Fair Price Shops contribute significantly to social welfare, economic stability, and financial inclusion at the grassroots level.
Key Authorization
SIDBI has appointed ETHICS FINTECH as Lending Service Provider (LSP)
SIDBI has facilitated ETHICS PROSPERITY as B2B Aggregator for Fair Price Shop (FPS)
Benefits with Fintech
A Fair Price Shop (FPS) is a government-authorized retail outlet operating under India’s Public Distribution System (PDS). FPS outlets play a critical role in the distribution of essential commodities such as rice, wheat, sugar, and pulses to eligible beneficiaries at subsidized rates.
These outlets function under the supervision of State Governments and the Department of Food & Public Distribution, ensuring transparency, accountability, and effective last-mile delivery of welfare schemes. FPS owners serve as a vital link between the government and citizens, particularly in rural and economically underserved regions, contributing significantly to food security and social welfare.
Benefits with Fintech
Instant Credit approval
Collateral free loan
Paper less Process
End to end Journey digital
Partnerships with regulated lender to ensure governance and trust