CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Agri Infinity programme has been launched by which bank to develop digital financial solutions for the food and agriculture ecosystem?
A
Yes Bank
B
HDFC Bank
C
Axis Bank
D
Kotak Mahindra Bank
Explanation: 

Detailed explanation-1: -Yes Bank has announced the launch of an annual startup enabler program, YES BANK Agri Infinity. It seeks to co-develop digital financial solutions for the food and agriculture ecosystem by mentoring entrepreneurial ventures in the field.

Detailed explanation-2: -Private sector lender, Yes Bank has launched an ‘Agri Infinity’ programme for digital financing solutions in the food and agriculture sector ecosystem by mentoring entrepreneurial ventures in this field.

Detailed explanation-3: -Agri-Fintech Startups in India Stellapps, Numer8, Aquaconnect, Livestoc, and DGV are among the startups developing solutions to make lending to livestock farmers easier.

Detailed explanation-4: -But that is not the case for agri-fintechs-startups that operate at the intersection of agriculture and financial technology. They cumulatively attracted $66 million in funding in 2021 and have already got $52 million in 2022 YTD (year to date), according to data provider Venture Intelligence.

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