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Jump Networks Ltd - Jump Networks Launches Rural Organic Farming Initiative Using TORUS

| Updated on June 25, 2019 Published on June 25, 2019

It gives us immense pride and pleasure to share that our rural organic farming initiative has been launched today. This initiative will give the farmers in Konkan region direct access to upmarket customers in India who will pay the right price for some incredible produce straight from the farms, using our proprietary blockchain technology layer.

The initiative, a sub-set of the Chanda Te Banda scheme of the Government of Maharashtra, guarantees farmers with
an offtake of all the qualified produce they generate at a fixed net profit per egg or litre of milk. This protects them from the vagaries of the farming & distribution process which is notorious for exploitation by middlemen.

Further, adding on our proprietary technology layer i.e. blockchain, all farmers wi ll have full KYC, payments made directly to their verified bank accounts and every step of the agri process stored & authenticated securely nodes in our owned data centres providing a completely private, secure and distributed network.

The launch event was held at Talavade, Sindhudurg and Hon. Minister Deepak Kesarkar (Minister of Home, Planning &
Finance and Guardian Minister of Sindhudurg) announced the overall Government scheme and spoke of the progressive
steps Jump Networks Umited has taken in this area. The companys Head of Maharashtra Operations, Mr Mansingh Pawar
also shared his vision about making this a revolutionary new farming initiative, especially empowering women of the
region towards economic and finandal independence. The event was attended in large numbers and on day one itself,
d ose to 800 farmers have registered to partake in this initiative.

With this first initiative, we aim to take AgriTech to the remotest parts of the country and help part of the next billionusers cross the digital divide with the hope of enriching their lives.

Pdf Link: Jump Networks Ltd - Jump Networks Launches Rural Organic Farming Initiative Using TORUS

Source : BSE - www.bseindia.com

Published on June 25, 2019
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