Hyderabad/Bangalore: The Centre for Data for Public Good (CDPG), FSID, Indian Institute of Science, Bengaluru, is pleased to announce the beginning of a new era of smart agri-credit services with the launch of the Smart Agri-Credit Services initiative by the Government of Telangana in collaboration with the HDFC Bank. Powered by the Agricultural Data Exchange (ADeX), this transformative initiative is set to revolutionize farming practices by leveraging data-driven innovation.

This landmark initiative was officially launched by Sri. D. Sridhar Babu Garu, Hon’ble Minister for IT, Government of Telangana as part of the Praja Palana Praja Vijayotsavalu celebrations on 8th December 2024. With the potential to impact over 60 lakh farmers across Telangana, ADeX is poised to transform the agricultural landscape and enable sustainable growth.

ADeX: The Backbone of Agricultural Innovation

Developed as India’s first Digital Public Infrastructure (DPI) for agriculture, ADeX is a pioneering platform created by CDPG in partnership with the Government of Telangana’s ITE&C Department and the World Economic Forum.

ADeX facilitates secure, seamless, and efficient data exchange among agricultural stakeholders, unlocking transformative applications such as:

• Smart Agri-Credit Services: Accelerating institutional credit access for farmers.
• Soil Nutrient Management: Enhancing crop productivity.
• Weather-Based Agro-Advisories: Enabling data-driven decision-making.
• Pest and Crop Management: Protecting yields.
• Farm Equipment Uberization: Increasing operational efficiency.

With 10 data providers, 6 data users, and 22 major datasets onboarded, ADeX utilizes APIs and secure data-sharing protocols to ensure reliable and efficient information flow.

Smart Agri-Credit Services: Bridging Gaps, Empowering Farmers

Access to timely institutional credit has long been a challenge for farmers, often delayed by complex land records and inefficient manual processes. ADeX addresses these issues by facilitating the digital flow of high-quality, authenticated land and crop data between state agencies and banks.

In collaboration with HDFC Bank, the Smart Agri-Credit Services initiative has redefined the loan approval process. Farmers can now access institutional loans of INR 1 lakh within just 2 business days, a significant improvement from the conventional timeline of 30–45 days. This integration eliminates the need for extensive documentation, relieving farmers of bureaucratic hurdles and empowering them with faster financial support.

CDPG: Advancing Data for Public Good

CDPG is proud to have been instrumental in the technical development of ADeX, reaffirming its commitment to harnessing data for public good. This collaboration highlights the power of partnerships in driving meaningful change and scaling innovative solutions for India’s agricultural sector.

For media inquiries and further details, please contact:

Namrata Agrawal
Email: namrata.agrawal@cdpg.org.in

Website: www.dataforpublicgood.org.in