Cash Markets - Turmeric
Kuvakäsikirjoitus Teksti
- Meet Krishna - a turmeric farmer... and an Indus Ind customer.
- Krishna has just finished harvesting his produce & is taking it to the godown.
- Krishna opens his Indus Ind bank app & buys crop transportation insurance.
- Given his past credit history, Krishna gets an insurance at a nominal rate, reducing his worries about losing his crop enroute to the godown.
- Krishna weighs the sacks on a digital weighing machine which generates a smart tag with the lot no. & weight coded
- The smart tag helps locate the lot in the warehouse.
- After storing the crop, Krishna opens his digital e-auction app, enters the quantity & ask price for his crop & submits.
- Meet Asif, a turmeric trader... and an Indus Ind customer.
- Asif samples the turmeric & bids for Krishna's lot using the e-auction app.
- Krishna is now free to attend to his chores while he waits for a notification on his phone for the bids
- Asif now decides to bid for Krishna's lot
- Krishna transports the crop to the godown.