It aims to help farmers across the country to manage their accounts efficiently, thus cutting down on losses.
Shivrai Technologies, an Indian AgTech company, has recently announced the launch of their B2C Farm accounting mobile application, Farmizo Khata. Joining hands with Yono by SBI, they aim to help farmers across the country to manage their accounts efficiently, thus cutting down on losses. Shivrai also owns their own B2B brand, FarmERP.
Through this new venture with Yono by SBI, they aim to make their application increasingly accessible.
This free-of-cost application will not only efficiently manage their accounts but will also give them a platform to analyse and calculate their profits, losses, and expenses, thus enabling them to make a wiser purchase, harvest, and production decisions. It is curated in the simplest possible way for smallholder farmers to benefit from it.
How does it work?
Users can create their profiles by entering basic information. Post that, the software will guide them to register their plot by entering Plot details and Crop Information. This software will also assist the farmers in Geo-Tagging their crops. In the next step, the farmers would be required to add their expenses incurred on each plot, along with their income details and profit and loss amounts on the software’s dashboard. After doing this, the software would automatically generate the Exact Cost of Production of each crop as per kg and acre. This would include the Auditor cost, the marketing and housekeeping cost, etc. In the end, the software would create a ‘Khata’ with a complete view of all the transactions in a simple ledger.
