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Bank of Baroda to develop agri digital solution provider Baroda Kisan
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Wednesday, 27 March, 2019, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Bank of Baroda, one of India’s largest public sector banks, will develop an agri digital platform, which is called Baroda Kisan, and envisaged to provide a suite of solutions for all major agricultural requirements.
The development of this first-of-its-kind initiative will be executed by the ITCoE of Bank of Baroda in partnership with IBM India.
It entails a holistic approach towards solving agricultural plights by means of providing reliable and customised information, inputs for use, convenience of renting farm equipment and market linkage for sale of agri produce.
“The digitisation of agri services will have a huge impact on the Indian economy, and this collaboration is an effort towards keeping up with the use of technology in the field of agriculture. Farmers are an integral part of India, and Baroda Kisan is a dedicated platform created to ease their requirements,” said P S Jayakumar, managing director and chief executive officer, Bank of Baroda.
MoUs Six companies have inked MoUs (Memorandums of Understanding) with Bank of Baroda. These are as follows: • Skymet Weather Services Pvt Ltd • Weather Risk Management Services Pvt Ltd • BigHaat • Agrostar India • EM3 Agri Services • Poorti Agri Services Pvt Ltd
B R Patel, general manager and head, rural and agri banking and CSR (corporate social responsibility), Bank of Baroda, said, “India is witnessing new-age technological developments in the agriculture ecosystem, and it is imperative to make these available to the farmers in the remotest areas of the country.”
“I thank the MoU partners for having come together on this project that not only aims to help, but also ensures an inclusive growth of the farming community,” he added.
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