Home News IDEA partners with Reuters Market Light to launch Krishi Vouchar for rural markets
IDEA partners with Reuters Market Light to launch Krishi Vouchar for rural markets
User Rating: / 0
PoorBest 
Written by DARE   
Thursday, 10 September 2009 00:00

IDEA Cellular has partnered with Reuters Market Light, part of Thomson Reuters, to launch a product targeted at rural subscribers. ‘Krishi Voucher’, an agricultural information service developed by Reuters Market Light, has been made available for farmers on the IDEA network, in Maharashtra & Goa circle.

India in general and Maharashtra in particular, is heavily dependent on agriculture, which is the most important, and at times, the only source of livelihood for farmers. There is a need to address challenges faced by farmers due to lack of timely, localized, reliable and relevant information on market prices, weather conditions, and other farming best practices. Krishi Voucher is designed to equip farmers with decision critical information that is easy to access and actionable, thus helping them improve both production and marketing of their produce.

This information service, which offers agriculture related information on various crops, pricing, market geographies, and climate/weather conditions and forecast, will be available for over 8 million IDEA subscribers in the state.

Speaking at the launch, Amit Mehra, Managing Director, Reuters Market Light said, “This is a fantastic partnership to expand the unprecedented impact of RML on the farming community. We launched RML in 2007 in India as a business dedicated to address the pain points of farmers. In the process of building this pioneering business, we have continuously improved the service based on customer feedback, however rural distribution and marketing remained a challenge. The IDEA-RML Krishi Voucher, among other advantages, will directly help address this challenge. I look forward to see this expand to many more states in the near future.”

According to Rajat Mukarji, Chief Corporate Affairs Officer, IDEA Cellular, “Today, two out of every three new subscribers come from rural India. Our deep-rooted network and strong customer connect in rural India makes us as the preferred network to offer value added services to rural consumers. Maharashtra, as the oldest and largest circle of IDEA, with the deepest penetration in rural parts, and a subscriber base of over 8 million becomes a good starting point for the launch of the Krishi Voucher.”

IDEA subscribers availing this service will get the following information updates:

  • Market Prices and Arrivals in 3 markets for each of the 2 crops chosen by the farmer
  • 24 hour local weather forecast relevant to the farmer’s Taluka
  • Information on best practices of production for 2 crops
  • News impacting agricultural marketing and production.

This service is available for a monthly subscription fee of Rs.75 only. The voucher is available at IDEA retail outlets, in Maharashtra & Goa.

Farmers can subscribe to the service by calling on a specially provided Toll Free Number where they would be supported by Marathi speaking customer care representatives to register their preferences such as crops, markets and location. Daily updates will be provided on SMS in two languages - Marathi and English.

Source: India PRwire

Comments (0)Add Comment

Write comment
smaller | bigger

security code
Write the displayed characters


busy
 
Follow us on Twitter

Market Place

Latest Poll

Who is your role model?
 

Random Articles

5 VCs Talk About Their Marriages
Unlikely keys to success for VC-backed companies“It’s the chemistry,” explains Balaji Srinivas of Aureos Capital, trying to pin down the key to...
Quick guide to ESOPs
More and more companies are now bullish on issuing stock options to their employees. Here is what you need to know while contemplating ESOPs When...
The DNA of an Angel
Angels are not your average calculator-wielding, ratio-obsessed hard-nosed investors; a closer look reveals. Over the last decade-and-a-half,...
Eight Alternatives to a Public Issue
These are interesting times for emerging economies like India. For one, the combined effects of a controlled and cautious fiscal policy and a robust...
Guide to Valuation
Whether you are an established company or a startup, valuation is an important tool that provides you the power to negotiate You can probably find...
Mini Hydel, Major Bucks
This capital-intensive business is lucrative in the long run. But a protracted breakeven time and a number of clearances could put your patience to...
Online movie rental business
Pitched at a nascent stage: Discover what it takes to start this business, the challenges you may face and what the market looks like We are a nation...
Textile Chemicals as a Business
With opportunities in manufacturing, distribution and exports beckoning entrepreneurs, the textile chemicals business is witnessing buoyant growth. ...
Export opportunities for SMEs
Products that are exported by SMEs in India and in which small-scale industries (SSI) generally have the bulk of the share, are garments, engineering...
Downstream business from new trains
Every year many factors including political expediency force the Union Railways Minister to announce the addition of several new trains, not all of...