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MINISTRY OF AGRICULTURE SIGNED FIVE MoUs WITH PRIVATE COMPANIES

MINISTRY OF AGRICULTURE SIGNED FIVE MoUs WITH PRIVATE COMPANIES

Context:

On September 14, 2021, the Union Ministry of Agriculture and Farmers ’Welfare signed 5 memorandum of understanding (MoUs) with private companies.

About the MoUs:

  • It has signed up for testing projects for 5 private companies namely, CISCO, ITC Limited, Ninjacart, Jio Platforms Limited, and NCDEX at Markets Limited (NeML).
  • The Department of Agriculture, Jio Platforms Limited will conduct its pilot project to provide advice to farmers in Jalna and Nasik districts in Maharashtra.
  • ITC Limited has signed MoU in a bid to build a “Customized ‘Site Specific Crop Advisory’ service.”
  • The MoU and ITC limited will assist in implementing the proposal in the designated Sehore and Vidisha districts of Madhya Pradesh. 
  • It will support the Wheat crop operations.
  • The MoU with Cisco “conceptualize the Proof of Concept in effective knowledge sharing between farmers, administration, academia and industry” in Kaithal district of Haryana and Morena district of Madhya Pradesh.
  • The MoU with NCDEX in Markets Limited (NeML) will look at four services - Market Linkages, Financial Linkages, demand integration, and Data Sanitization in three regions namely, Guntur (Andhra Pradesh), Nasik (Maharashtra) and Devanagari (Karnataka).

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