HomeNewsBusinessEconomy'Mobile services can raise farmers' income by Rs 56K cr'

'Mobile services can raise farmers' income by Rs 56K cr'

The income of seven crore small scale farmers in the country can be increased by Rs 56,000 crore over the next 5 years by introducing simple mobile phone based services, says a report.

May 26, 2015 / 20:47 IST
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The income of seven crore small scale farmers in the country can be increased by Rs 56,000 crore over the next 5 years by introducing simple mobile phone based services, says a report.

Simple mobile services like agricultural information, payments and loans, field audit and local supply chain can enhance earnings of almost two-thirds of farmers by an average of Rs 8,000 per year, it said.

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"The introduction of simple mobile services designed to help small scale farmers in emerging markets could boost farm gate incomes of 7 crore Indian farmers by over Rs 56,000 crore in 2020," as per the report, 'Connected Farming In India'.

The report is based on the research commissioned from Accenture Strategy with support from Vodafone foundation.