YES Kisan Dairy Plus
Explore the complete range of financial products that we offer dairy farmers
India has emerged as the world’s largest milk producer, accounting for around 17% of the global milk production with an estimated production of 132.4 million tonnes during 2012-13, making the dairy sector the largest contributor to the agricultural GDP. Thus it is estimated that the dairy sector has generated revenues worth over INR 4.63 thousand crore in FY 12-13, assuming an average consumer price of INR 35 per litre. Given the dairy sector’s importance in rural employment and revenue generation, YES BANK extended a complete range of financial products to dairy farmers under the aegis of YES Kisan Dairy Plus.
Through YES Kisan Dairy Plus, farmers are now able to directly experience the services of a formal financial institution, a first-of-its-kind experience for many of them. The Bank has developed a system wherein it can immediately credit the payment for milk procured in the farmer’s account, (wherever a dairy processor has installed advanced automated milk testing machinery), based on data provided. In addition to the instant milk payment it also offers Basic Saving Account (BSA) with 7%* interest and ATM-cum-Debit Card, free unlimited withdrawals on any bank’s ATM, lean season Over-draft (LSOD) facility, unlimited deposit/withdrawals at YES BANK’s specially deployed YES SAHAJ hand held device.
Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much moreRead More