POORTI , BoB & IBM signs MOU

DATE: March 28th, 2019

Bank of Baroda has signed a memorandum of understanding with agriculture services companies to develop an agriculture digital platform, Baroda Kisan, which will provide solutions for agricultural requirements.

The initiative is being executed by ITCoE of Bank of Baroda, in partnership with IBM India. The platform intends to make 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 agriculture produce.

Bank of Baroda has signed the agreement with Skymet Weather Services, Weather Risk Management Services, BigHaat, Agrostar India, EM3 Agri Services, and Poorti Agri Services.

PS Jayakumar, Managing Director, Bank of Baroda, said digitisation of agriculture 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, he added.

BR Patel, Head of Rural and Agri Banking, Bank of Baroda, said India is witnessing new-age technological developments in the agriculture ecosystem, and it is important to make these available to farmers in the remotest areas of the country.

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