NABARD to reflect on the future of agritech-fintech collaboration at GFF 2023

Through panel discussions, NABARD will lay down its vision for Indian agriculture's future and highlight its commitment to create a more sustainable, efficient, and technologically advanced agricultural ecosystem

MUMBAI, India, Sept. 5, 2023 /PRNewswire/ -- The National Bank for Agriculture and Rural Development (NABARD) will be participating in multiple panel discussions at the Global Fintech Fest (GFF) scheduled to take place between 5th - 7th September 2023 in Mumbai.

NABARD's speakers will highlight the significance of collaboration between agritech and fintech. They will elaborate on how aligning these two sectors can add value to the existing agricultural value chain and pave the way for a more sustainable, efficient, and technologically advanced agricultural ecosystem. NABARD will also give its perspective on the impact of digital identity and KYC solutions on regulation. Low cost fintech solutions can help Regional Rural Banks (RRBs) and Rural Co-operative Banks (RCBs) to on-board digital KYC systems which will bring efficiency in the KYC AML CFT framework of these banks.

Through the GFF platform, NABARD will share its vision to revolutionise agriculture through Agriculture 2.0 to create a thriving ecosystem in rural India through the intersection of agriculture, finance and technology.

Throwing more light on their participation in the event, Shri Manikumar S, Chief General Manager (CGM), Strategic Planning and Product Innovation Department (SPPID), NABARD said, "GFF 2023 is a fantastic platform for us to communicate our beliefs about the benefits of harnessing the collective brilliance of fintech and agritech startups. We are confident that we can create transformative solutions to shape the future of agriculture by collaborating with these start-ups. Apart from providing financial support to farmers for adopting modern agricultural technologies, NABARD is building capacity and training farmers to reap the benefits of technology and digital payment methods for transactions. We are looking forward to the opportunity to put forth our views in front of an eclectic and enlightened audience."

About NABARD:

The National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India. Established on 12 July 1982, with headquarters in Mumbai, NABARD operates with a mission to promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institutional development, and other innovative initiatives. NABARD plays a crucial role in fostering rural development, empowering farmers, and catalyzing the growth of the rural economy.

For more details on NABARD's panellists, please check the Annexure below.

Annexure

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