Dairy-tech start off-up Stellapps has tied up with India Submit Payments Bank (IPPB) to digitise the milk procurement price chain and promote banking amenities at milk collection centres. As element of memorandum of being familiar with, a pilot project has been released in four villages with two hundred farmers at a greenfield dairy in Tamil Nadu’s Dharmapuri district.

By means of the tie-up, Stellapps is aiming to carry dairy farmers in the economic mainstream throughout villages in Tamil Nadu, Odisha, Bihar, and Rajasthan in the coming months, the corporation mentioned in a assertion. IPPB will present obtain to income and other banking expert services like deposits, Aadhar-enabled payment expert services, domestic money transfer, invoice payments, and other related expert services. Stellapps mentioned it designs to leverage IPPB’s past-mile distribution network of about one.36 lakh post places of work and almost one.nine lakh postmen and Grameen Dak Sevaks, equipped with smartphones and biometric devices.

Stellapps had not too long ago released a totally automatic electronic direct farmers payment merchandise for dairy processors, including cooperatives called “mooPay”.

J Venkatramu, MD & CEO, IPPB, mentioned, “This strategic partnership aims to make sizeable options and expand obtain to a array of economic expert services for hundreds of thousands of unbanked and underbanked dairy farmers. With dairy source chain staying an essential element of the rural overall economy, IPPB is dedicated to empowering dairy farmers.”

“The partnership with IPPB will assistance us enfold additional farmers with credit and insurance plan expert services and get the electronic overall economy to Indian rural villages,” mentioned Ranjith Mukundan, CEO, Stellapps.

Stellapps is introducing IPPB by its dairy companions exactly where the direct farmer payment methods have been executed. The regional post business will designate an official who will take a look at the respective milk collection centre for offering banking expert services to farmers. Farmers also have an alternative of travelling down to the closest post business and avail the expert services, it mentioned.

Dairy-tech start off-up Stellapps has tied up with India Submit Payments Bank (IPPB) to digitise the milk procurement price chain and promote banking amenities at milk collection centres. As element of memorandum of being familiar with, a pilot project has been released in four villages with two hundred farmers at a greenfield dairy in Tamil Nadu’s Dharmapuri district.

By means of the tie-up, Stellapps is aiming to carry dairy farmers in the economic mainstream throughout villages in Tamil Nadu, Odisha, Bihar, and Rajasthan in the coming months, the corporation mentioned in a assertion. IPPB will present obtain to income and other banking expert services like deposits, Aadhar-enabled payment expert services, domestic money transfer, invoice payments, and other related expert services. Stellapps mentioned it designs to leverage IPPB’s past-mile distribution network of about one.36 lakh post places of work and almost one.nine lakh postmen and Grameen Dak Sevaks, equipped with smartphones and biometric devices.

Stellapps had not too long ago released a totally automatic electronic direct farmers payment merchandise for dairy processors, including cooperatives called “mooPay”.

J Venkatramu, MD & CEO, IPPB, mentioned, “This strategic partnership aims to make sizeable options and expand obtain to a array of economic expert services for hundreds of thousands of unbanked and underbanked dairy farmers. With dairy source chain staying an essential element of the rural overall economy, IPPB is dedicated to empowering dairy farmers.”

“The partnership with IPPB will assistance us enfold additional farmers with credit and insurance plan expert services and get the electronic overall economy to Indian rural villages,” mentioned Ranjith Mukundan, CEO, Stellapps.

Stellapps is introducing IPPB by its dairy companions exactly where the direct farmer payment methods have been executed. The regional post business will designate an official who will take a look at the respective milk collection centre for offering banking expert services to farmers. Farmers also have an alternative of travelling down to the closest post business and avail the expert services, it mentioned.