According to latest reports, Bank of Baroda has signed a memorandum of understanding (MoU) with the agriculture services companies in order to create an agriculture digital platform known as ‘Baroda Kisan’ that will provide solutions for agricultural requirements.
The initiative is being carried out by ITCoE of Bank of Baroda, in collaboration with the IBM India. The digital platform aims at making a holistic approach towards resolving agricultural problems by means of providing reliable & customized information, inputs for use, ease of renting farm equipment and market linkage for selling of agriculture produce.
Bank of Baroda has signed the accord with Agrostar India, Skymet Weather Services, BigHaat, Weather Risk Management Services, EM3 Agri Services and Poorti Agri Services.
Managing Director of Bank of Baroda, Mr. PS Jayakumar said digitization of agriculture services will have a big impact on the Indian economy and this partnership is an effort towards keeping up with the use of technology in the field of agriculture. He added that farmers are an important part of India and Baroda Kisan is a dedicated platform created to ease their needs and requirements.
Head of Rural and Agri Banking at Bank of Baroda Mr. BR Patel said the country is witnessing new-age technological advancements in the agriculture ecosystem thus it is essential to make these available to farmers in the remotest regions of the country.