Role of ICT & Fintech in Indian Agriculture

In emerging economies and rural areas, low levels of e-literacy and digital skills, weak technological infrastructure, high costs of technology, weak regulatory framework, and limited access to services are the primary challenges in the digitalization process of Agriculture. As a result, data analytics (DA), the Internet of Things (IoT), and Fintech enhance operational efficiency and productivity within the agriculture sector. The existing IoT technologies integrate radio frequency identification, cloud computing, and end-consumer applications for future developments. Big data, IoT, and Fintech are essential technologies used for good-sized statistics and assist agricultural practitioners in recognizing farming practices and making specific decisions. Objectives: The aim is to focus on Fintech and IoT in agriculture, which features records of creation strategies, accessibility of era, accessibility of gadgets, and software gear. Many farmers witness demanding situations to access the marketplace, credit, and quality farm inputs to improve their crop yield. So, access to digital technology provides significant benefits to smallholder farmers and different rural businesses to tap into workforce talent access support services, build a strategic partnership, which include training, finance, and legal services.