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Bank of Baroda enters into MOU with Kheyti Tech Private Limited

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Mumbai: Bank of Baroda, India’s International Bank, with the objective to focus on government’s priority in doubling of farmer’s income by 2022 is creating an ecosystem to provide end to end solution to farmers by entering into MOU with Kheyti Tech Private Limited to finance the “Greenhouse-In-Box (GIB)” i.e. an affordable, modular greenhouse bundled with end-to-end services offered by the company.

Kheyti Tech Pvt. Ltd. (Kheyti) started with the mission to help smallholder farmers in assuring a regular monthly income with a solution named “Greenhouse-in-a-Box”(GIB), an affordable modular greenhouse bundled with end-to-end services. The greenhouse fits in a 216 sq. m of land. The company works with partners to offer farmers’ financing, inputs, training and market linkage services, creating a seamless path to steady incomes to the smallholder farmers.

Mr. G.B.Bhuyan, Head- Rural & Agri Banking and CSR presided over the function and exchanged MOU with Mr. Sathya Raghu V Mokkapati, Cofounder & CEO of the Kheyti Tech Private Limited.

On this occasion Mr. G.B.Bhuyan, Head- Rural & Agri Banking and CSR said “We have entered memorandum of understanding with Kheyti Tech Private Limited to work jointly and to provide loans to the farmers. This relationship of Bank of Baroda, one of the premier banks of our country, with Kheyti Tech Private Limited will immensely benefit the farmers in enhancing their productivity, reduction of loss and wastages both at pre harvest and post harvest stages, realization of better prices and adaptation of modern agriculture.

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