Dairy-tech commence-up Stellapps has tied up with India Post Payments Financial institution (IPPB) to digitise the milk procurement worth chain and boost banking facilities at milk selection centres. As component of memorandum of comprehending, a pilot project has been introduced in 4 villages with 200 farmers at a greenfield dairy in Tamil Nadu’s Dharmapuri district.
As a result of 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 organization claimed in a assertion. IPPB will supply accessibility to cash and other banking providers like deposits, Aadhar-enabled payment providers, domestic revenue transfer, bill payments, and other connected providers. Stellapps claimed it programs to leverage IPPB’s previous-mile distribution community of over one.36 lakh write-up places of work and approximately one.nine lakh postmen and Grameen Dak Sevaks, geared up with smartphones and biometric devices.