IndusInd Bank Limited (IBL) and Bharat Financial Inclusion Limited (BFIL) on Monday announced a collaboration with the Ministry of Agriculture and Farmers Welfare (MoA & FW), Government of India, to launch the Bharat Sanjeevani Krishi Utthan initiative.
This initiative aims to support the government's flagship program, "Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs)"providing a robust framework to empower FPOs across the country.
This collaboration has been driven through BFIL and IBL's Corporate Social Responsibility (CSR) initiatives and aims to enhance agricultural productivity, promote sustainable farming practices, and improve farmers' income consistently, across 11 states namely Andhra Pradesh, Bihar, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana, Uttar Pradesh, and West Bengal.
Commenting on this significant partnership, Mr. Faiz Ahmed Kidwai, Additional Secretary, MoA & FW, GoI, said, "BFIL and IBL's commitment to leveraging technology in agriculture is commendable. By utilizing IT solutions, providing project management support, and extending their expertise, BFIL& IBLare empowering farmers to make data-driven decisions and enhance their production practices, contributing to the growth and sustainability of the agricultural sector."
