Vijayawada, Aug. 11 -- The National Bank for Agriculture and Rural Development (NABARD) and the Andhra Pradesh Graveen Bank (APGB) signed a Memorandum of Understanding with the Aqua Exchange Agritech private limited to extend loans to the aquaculture sector here today.
Under this agreement, a special loan model involving the use of IoT devices for shrimp farmers will be implemented as a pilot project.
NABARD Deputy Managing Director Dr. AK Sood was the chief guest at the event. NABARD Andhra Pradesh Regional Office Chief General Manager (CGM) MR Gopal, Head Office CGMs Manikumar, Dr. AV Bhavani Shankar, APGB Chairman Pramod Kumar Reddy, Renu Nair, General Manager, Union Bank of India and Aqua Exchange CEO Pawan Krishna Kosaraju were also...