Bank of Baroda, IFFCO roll out co-branded debit card for farmers
Posted on:24 May 2017 11:43:56
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24 May 2017 Current Affairs:
Bank of Baroda (BOB) and Indian Farmers Fertiliser Cooperative Limited (IFFCO) rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy.
They entered into a memorandum of understanding (MoU) in this regard in February 2017.
Two lakh co-branded debit cards will be issued initially to the farmers beginning with the States of Uttar Pradesh, Bihar, Rajasthan and Madhya Pradesh.
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