Vasudhara Dairy and IDFC Foundation India Join hands to give financial Inclusion

Leadership Summit on Electric Vehicle
Mega Leadership Summit on Electric Vehicle to be hosted in Delhi
February 22, 2018
Nippon Paint CSR
200 Corporation Schools to be colored by Nippon Paint across Chennai
March 22, 2018

Vasudhara Dairy and IDFC Foundation India Join hands to give financial Inclusion

IDFC Foundation india

The Corporate Social Responsibility (CSR) arm of IDFC Group, IDFC Foundation India has partnered Vasudhara Dairy. This initiative has been taken to create financial inclusion in the tribal districts of over 1000 unbanked villages of Gujarat and Maharashtra. This is being decided to be done using Financial Inclusion Devices or inter operable micro ATMs

Over thousands of farmers are expected to get an access to financial services in their villages. In order to reach a traditional ATM or a bank branch, farmers of these un banked locations are bound to cover a distance of around 5-10 kilometers.

At a ceremony in Mogarwadi Village, around 25 kilometres from Valsad, the first few Financial Inclusion devices were handed over officially, in the presence of – Sangram Chaudhary:Executive Director of National Dairy Development Board (NDDB), N Vashi: Managing Director of Vasudhara Dairy, Dr. NS Rajan: Group CHRO, Group CMO and CEO of IDFC Foundation, and Amit Kumar: Head, Personal Banking, IDFC Bank.

Launched in 1973, the Vasudhara Dairy is the District Cooperative of Valsad. It serves the tribal districts of Valsad, Navsari and Dangs. This dairy obtains a noteworthy 8,00,000 litres of milk each day.

Vasudhara dairy is renowned for constantly working towards enhancing the standard of living of the dairy farmers. The effort of the dairy to bring financial inclusion to the locations it is serving already, it another momentous footstep in this direction.

The initiative of Vasudhara Dairy in 1000 villages is united with IDFC Foundation’s flagship programmes on Financial Inclusion and Dairy Development (Shwetdhara). The Foundation aims to improve the rural livelihoods on a national scale.

Vasudhara Dairy’s initiative in the 1000 villages ties in with IDFC Foundation’s flagship programmes on Financial Inclusion and Dairy Development (Shwetdhara), which aim to enhance rural livelihoods on a national scale.

The inter-operable micro ATM or Financial Inclusion refers to a digital innovation by IDFC Bank, which has assisted in creating an access to banking services and convenience even in the most remote locations of India.

Dr NS Rajan, while speaking on the occasion said, “Financial inclusion is key to improving the quality of life in rural India. Within the rural landscape, the dairy sector is an area which provides livelihood to millions of marginal, small and landless farmers. Many of them are excluded from the financial mainstream. Thus, we have identified it as an area of large scale social intervention.”

“It is a privilege to work with Vasudhara on realizing its dream of creating financial inclusion for dairy farmers. Vasudhara is perhaps the first dairy cooperative to envision a project of this scale, under the able leadership of Vashi who saw inclusion as a possibility in these villages,” DrRajanadded to the statement.

At present, the most prevalent issue amongst the farmers is the access to their own funds, as the ATMs or bank branches are located several kilometres away. By joining hands with IDFC Foundation and IDFC Bank, Vasudhara Dairy has sought to address this pain point of the farmers.

DrRajan said, “This transformative programme will result in deployment of Financial Inclusion Devices at milk collection centres in every village, visited by dairy farmers on a daily basis. These devices offer convenience as they enable cash outs and all basic transactions. For many beneficiaries, it is also their first brush with digital payments. It also promotes a spirit of entrepreneurship as the Financial Inclusion Devices are operated by village residents. This model has huge potential for scale up due to its efficiency and cost effectiveness.”

The micro ATM or Financial Inclusion Device includes a tab, a biometric reader and a thermal printer. The dairy farmers who dwell in this village and hold an account in any bank, can now benefit from all the basic inclusion services.

These services includedeposits and withdrawals, fund transfer, remittances and bill payments. The initiative will save the farmers a significant time as well as money that they used to spend on commuting long distances to the nearest banking facilities available. Using Aadhaar-enabled biometric authentication, farmers can also open an account on these devices in just 4 minutes.

No ratings yet.

User Ratings


  1. chouqin says:

    I was very happy to find this internet-site.I wished to thanks on your time for this glorious read!! I positively enjoying every little little bit of it and I have you bookmarked to take a look at new stuff you weblog post.

  2. chouqin says:

    Oh my goodness! an amazing article dude. Thanks However I’m experiencing challenge with ur rss . Don抰 know why Unable to subscribe to it. Is there anybody getting identical rss drawback? Anyone who is aware of kindly respond. Thnkx

  3. chouqin says:

    I was very happy to find this web-site.I wished to thanks on your time for this wonderful read!! I undoubtedly enjoying each little little bit of it and I’ve you bookmarked to take a look at new stuff you blog post.

  4. chouqin says:

    Can I just say what a aid to seek out somebody who truly knows what theyre speaking about on the internet. You definitely know the best way to convey a problem to mild and make it important. More folks have to read this and understand this side of the story. I cant believe youre no more well-liked because you positively have the gift.

  5. chouqin says:

    You should participate in a contest for one of the best blogs on the web. I will suggest this website!

  6. chouqin says:

    WONDERFUL Post.thanks for share..extra wait .. ?

  7. chouqin says:

    you have an awesome blog right here! would you prefer to make some invite posts on my blog?

  8. chouqin says:

    I’m usually to blogging and i really recognize your content. The article has actually peaks my interest. I’m going to bookmark your web site and keep checking for brand spanking new information.

  9. chouqin says:

    There are some attention-grabbing cut-off dates on this article but I don抰 know if I see all of them center to heart. There is some validity but I’ll take maintain opinion till I look into it further. Good article , thanks and we want extra! Added to FeedBurner as properly

  10. chouqin says:

    Can I simply say what a aid to search out someone who truly knows what theyre talking about on the internet. You positively know the best way to bring a problem to mild and make it important. More folks must learn this and perceive this facet of the story. I cant believe youre no more well-liked since you positively have the gift.

  11. chouqin says:

    After examine a couple of of the blog posts in your web site now, and I truly like your approach of blogging. I bookmarked it to my bookmark web site record and shall be checking again soon. Pls try my web page as nicely and let me know what you think.

  12. Charlesdauff says:

    wh0cd78630 tadalafil

  13. Adidas NMD Men Women Mesh Surface White Gold says:

    After I initially commented I clicked the -Notify me when new feedback are added- checkbox and now every time a comment is added I get four emails with the identical comment. Is there any means you’ll be able to take away me from that service? Thanks!

  14. Charlesdauff says:

    wh0cd78630 tadalafil best price

  15. yeezys says:

    I precisely needed to appreciate you again. I do not know what I would’ve followed in the absence of the type of points revealed by you concerning that topic. It had become an absolute hard issue in my position, but discovering your skilled manner you processed it took me to leap for delight. I’m happier for this information and hope you are aware of a great job your are doing educating people all through your web site. I know that you’ve never met all of us.

  16. Free Auto Approve List 7-15-2018 says:

    I hope you all are having a great weekend. I added a new list. This one is smaller, but still useful. I think the next one will be bigger.

  17. yeezy boost says:

    I intended to put you the very small word to be able to say thanks yet again for the unique guidelines you’ve documented in this article. It has been quite generous of you to deliver openly what a number of people would have sold as an ebook to help make some dough on their own, particularly now that you might well have done it if you wanted. These basics as well worked like the good way to fully grasp the rest have similar passion the same as my personal own to figure out a little more when it comes to this issue. I think there are some more pleasurable moments up front for individuals who look over your site.
    yeezy boost

Leave a Reply

Your email address will not be published. Required fields are marked *