Breaking down the INR 990 crore mathematicsAs per the SBI’s website, there are nearly 1 crore 1 lakh KCC holders. If even 1 crore of these farmers have been charged for the weather information service, it would imply that a sum of INR 990 crore has been thus collected.
Service already available in 500 branches through RMLThe SBI has contracted Mumbai’s RML Company for providing weather and crop-related information to farmers. Per RML, customers linked with 500 branches of the SBI across 16 states are receiving this service. Different price levels have been fixed for the various services available. Of these, the SMS service is priced at INR 990 per year. Translated from original report in Hindi at Jagran
I'm usually a poet, but my responses to current events and politics often take a more prosaic form. I am also curious about everything. Tell me something new.
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