Context:
Vritti will launch sophisticated analytical tools that will help farmers understand market rates in a more detailed manner and track their financial performance. A credit control module will be launched to enable commission agents to manage outstanding debts and assess the creditworthiness of buyers.
Key Features:
- Tracking and Analytics
- The software tracks auction sales, delivery dates, and proceeds, providing analytics to assess profit or loss on each consignment.
- Mobile, Cloud, and Payment Integration
- The software also integrates with a mobile, cloud, barcode, UPI payment system, RTGS payment gateway, for higher speed transactions.
- eNAM (Electronic National Agricultural Market )
- Vritti is to be integrated with an eNAM (Electronic National Agricultural Market ) for better exposure of market and hence, online auctioning.
- Future Prospects
- The platform will integrate IoT, drone technology, and blockchain as such technologies increase usage in agriculture.
Government Schemes on Technology and Innovation in Agriculture
- Schemes
- This involves technology and innovation schemes like National e-Governance Plan in Agriculture (NeGPA), Sub Mission on Agriculture Mechanization (SMAM), Rastriya Krishi Vikas Yojana (RKVY), Promotion of Agriculture Mechanization for in-situ Management of Crop Residue, National Mission for Sustainable Agriculture (NMSA), and Pradhan Mantri Krishi Sinchai Yojana (PMKSY).
- AgriStack
- Develops a high-level Task Force that finalizes a report on India Digital Ecosystem of Agriculture (IDEA), that outlines the architecture of Digital AgriStack, including a unique ID for farmers and standards for interoperability between data streams in the Agristack.
- Makes in India
- Makes in India innovation in farming technology, encourages start-ups in agriculture and establishes 50 Agri Business Incubators.
- Subsidies
- Under different schemes, subsidies are offered to promote the adoption of new varieties/technologies.
- Training and Skills Upgradation
- The program provides training, demonstrations, exhibitions, and skill development programs for farmers, farm women, and rural youth.
- Drone Technology for Pesticides
- Releases SOPs for the use of drones in pesticide and nutrient application.
