Bank of Baroda, IFFCO roll out co-branded debit card for farmers

Posted on:24 May 2017 11:43:56
Bank of Baroda, IFFCO roll out co-branded debit card for farmers
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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