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Over 2 lakh farmers open mobile banking accounts; 81K turn to e-wallet

Govt expects numbers to double in around 1-2 months

Vimukt Dave  |  Ahmedabad 

As the government pushes for cashless transactions in the agri-economy, so far, over 213,000 farmers have activated mobile banking accounts and about 81,000 farmers are now using e-wallet across India. The government hopes that the numbers would double in the next one to two months. "We believe by end of December, more 50,000 farmers may be added to the mobile banking platform," said Subhash Gupta, chief executive of National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB). NAFCUB represents around 1,600 urban cooperative banks and more than ...

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First Published: Thu, December 22 2016. 20:36 IST