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NABARD and APGB Pilot IoT-Linked Loans for Shrimp Farmers

14 August 20251 min read
AGRICULTURE & RURALNABARD and APGBPilot IoT-LinkedLoans for ShrimpFarmers14 August 2025safalsetu.com

Why in the news

A pilot ties loans for Andhra Pradesh shrimp farmers to IoT devices that track farm conditions, aiming to bring them into formal credit.

Key facts

  • Signatories: NABARD, APGB, Aqua Exchange Agritech; signed in Vijayawada.
  • Devices track water quality, feed usage and disease control in real time.
  • ₹1.25 crore of sanction letters issued to five farmers.

Parallel tribal project

  • ₹3.46 crore, six years, in Buttayagudem and Polavaram mandals, Eluru district.
  • Targets PVTG families; focus on mango and cashew orchards with border crops.

Exam angle

  • PVTG = Particularly Vulnerable Tribal Groups.
  • Technology used in the pilot: IoT.

Test yourself

1. Who signed an MoU with NABARD and APGB for IoT-enabled shrimp farming loans?

The partner was Aqua Exchange Agritech Pvt. Ltd.

2. How much in loan sanction letters was issued to five shrimp farmers under the NABARD-APGB pilot?

The sanction letters were worth ₹1.25 crore.

3. NABARD's parallel tribal development project targets families of which groups?

It targets PVTG families.

This topic is part of Daily Current Affairs 14 August 2025 (15 topics).

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