Bank of Baroda launches agri digital platform
22 Sep 2019
Bank of Baroda launched its agri digital platform “Baroda Kisan” on Saturday. The platform can also be accessed on mobiles by farmers.
“The web-based portal will cater to all the needs of farmers, including weather forecasts, crop conditions, the moisture levels of the soil, information on crop worms, market prices, special crop-related consultation,” the public sector bank said in a statement.
Further, it will also help farmers with inputs related to the purchase of different products, (For example - seeds, fertilizers, pesticides), agricultural equipment on rent, consultancy services and innovative financing options for the sale of agricultural products
The Bank also launched centralised processing hubs at Gandhinagar and Hyderabad of agriculture proposals. It also introduced two loan schemes.
One of the schemes was meant for the construction and renovation of toilets as well as domestic drinking water facilities under Swachh Bharat Abhiyan, while the would help the people with the construction of houses in rural areas.
About Bank of Baroda Bank of Baroda
(“The Bank”) established on 20th July 1908 is a State-owned banking and financial services organisation, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.
Bank of Baroda is India’s leading public sector bank with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 8,200+ branches, 10,000+ ATMs, 1,200+ self-service e-lobbies and 20,000 Business Correspondents. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 20 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures for life insurance viz. IndiaFirst Life Insurance Company Limited and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.