HDFC Bank on September 29 joined hands with Punjab Grains
Procurement Corporation Ltd (PUNGRAIN) to facilitate payment to its
commission agents spread over 350 mandis in Punjab.
PUNGRAIN,
in its initiative has decided to make payment to their commission
agents through ‘RuPay Debit card’ and has developed the Kisan Arhtia
(commission agents) information and Remittance Online Network (KAIRON)
with the help of National Payment Corporation of India (NPCI).
For
this project, HDFC Bank will install its Point of Sales (POS) machines
in over 350 mandis to facilitate the payment to commission agents
dealing in agriculture products.
It said this initiative will facilitate faster payments to them and in turn will benefit farmers.
HDFC
Bank, in order to facilitate a successful implementation of this
project, organised a day’s training session for nodal officers along
with food inspectors of PUNGRAIN.
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