Sep 29, 2012, 05.57 PM | Source: PTI
HDFC bank today joined hands with Punjab Grains Procurement Corporation Ltd (PUNGRAIN) to facilitate payment to its commission agents spread over 350 mandis in Punjab.
PUNGRAIN, in its initiative has decided to make payment to their commission agents through 'RuPay Debit card' and has developed the Kisan Arhtia (commission agents) information and Remittance Online Network (KAIRON) with the help of National Payment Corporation of India (NPCI).
For this project, HDFC Bank will install its Point of sales (POS) machines in over 350 mandis to facilitate the payment to commission agents dealing in agriculture products, a release said here today. It said this initiative will facilitate faster payments to them and in turn will benefit farmers. HDFC Bank, in order to facilitate a successful implementation of this project, organised a day's training session for nodal officers along with food inspectors of PUNGRAIN.