Dairy-tech start-up Stellapps has tied up with India Post Payments Bank (IPPB) to digitise the milk procurement value chain and promote banking facilities at milk collection centres. As part of memorandum of understanding, a pilot project has been launched in four villages with 200 farmers at a greenfield dairy in Tamil Nadu’s Dharmapuri district.
Through the tie-up, Stellapps is aiming to bring dairy farmers in the financial mainstream across villages in Tamil Nadu, Odisha, Bihar, and Rajasthan in the coming months, the company said in a statement. IPPB will provide access to cash and other banking services like deposits, Aadhar-enabled payment services, domestic money transfer, bill payments, and other related services.
Source: The HinduBusinessLine