VSoft Technologies, a service provider for the banking sector, is set to cover the whole country with its ROOTS software. The application powers Rupay Enabled Kisan Credit Card (KCC), reports Business Standard.
Odisha is the first state to implement ROOTS through the Odisha State Cooperative Bank (OSCB). This bank has 17 District Central Cooperative Banks (DCCBs) with 360 branches and 2,500 Primary Agricultural Cooperative Societies (PACS), catering to over 5.3 million agricultural families.
Farmers who are members of PACS lack access to real-time money because they are not connected to to the National Financial Switch and the payments & settlement system.