Agri-data management Current Affairs, GK & News

How is the satellite data used for Farm credit assessment by banks?

August 27, 2020

Indian multinational banking and financial services provider ICICI Bank has announced that it is going to use the satellite data-imagery from earth observation satellites to assess the creditworthiness of the farmers seeking loans. ICICI is the first bank in India to take such a step. The assessment Using the data it will measure an array ..

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