Bank of Baroda announced that it will develop an agri-digital platform called Baroda Kisan in order to provide solutions for all major agricultural requirements.
According to an official release, six companies Skymet Weather Services, Weather Risk Management Services, BigHaat, Agrostar India, EM3 Agri Services and Poorti Agri Services have signed a memorandum of understanding (MoU) with the bank for this project. The agri-digital platform will be executed by IT Centre of Excellence (ITCoE) of Bank of Baroda in partnership with IBM India. The digital platform will give an 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-produces. Explaining the reason, Bank of Baroda Managing Director and CEO P S Jayakumar said, ‘Digitization 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’.