Current state of affairs –
- FPOs are registered under different statutes are required to comply with certain requirements with regard to preparation and publication of financial statements
- Reduced mobility and social distancing norms severely affected the training and capacity building activities. The agony is further magnified due to lack of ability in attracting and retaining rural professionals with most of them leaving the FPOs high and dry in critical situations like Covid-19.
- Banks reported inability to process loan applications due to their restricted ability to travel for physical verification and other documentation process.
- Unable to provide need based advisory services to its farmer members due to lack of farmers data in digital form.
These are some of the major issues , FPOs in rural areas face today.
eFresh Technology Solutions
eFresh based on the ground realties in rural areas, the nature of transactions and the skill sets of staff working at the FPOs, leveraged customized , simpler and user friendly technologies for different needs of the FPOs . Guidance documents for statutory compliances are part of the solutions.
eFresh technologies will aid in digitizing all the data. It will help regularly update financial information as required by the financial institutions, investors ,auditors , promoters. In addition, provision of need based online advisory services, prediction of agri inputs required and expected farm output can also be made.