reuters market light digital
TRANSCRIPT
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Confidential
© RML1
A transformational impact on the farming community
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Confidential
© RML
•Livelihood for approximately 600 million citizens
•18 percent contribution to the countries GDP
•Second largest farm output worldwide
•High potential to influence overall economic growth
Largest economic sector
•Faster and more inclusive growth
•Achieve 4 % growth rate against 1.7% in the Xth plan
• ‘Bridging the Knowledge gap’ identified key strategy
The Vision for Agriculture
(XIth 5 Year Plan)
•Low productivity, with average crop yields well below world levels
•Highly fragmented Marketing chains
•Limited access to information leading to limited ‘knowledge to act’
•Expensive credit
•Poor education and lack of awareness of the benefits of new technology
Multiple Challenges
Addressing the challenges facing Indian Agriculture is crucial for achieving inclusive growth
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Confidential
© RML
Addressing the consumer pain through the first highly personalized professional information service
Everyday……
•Crop Prices from nearby and far off markets
•Local and international Agriculture News that impact crop or input prices
•Advisory Tips that help improve productivity
•Taluka Level Weather forecasts that help improve productivity
RML: A revolutionary personalized decision-
making tool.• Local language• Local content• Fitting in their
workflow• All operators and
handsets• Over the Counter• As per their individual
preferences!
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Confidential
© RML
User Experience made super-easy
1. Scratch Card
2. Call Us
3. Service Starts
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Confidential
© RML
Impact on the farmers lives…
“ I used to sell Bananas for R. 4 a kilo. Based on
RML messages, I negotiated the rate to Rs. 7 per kilo with the
same buyer”. 75% higher price.
“I received the name and phone number of the local
officer to get the seed subsidy. I was able to act
on the informationimmediately.”
Ravindra Shinde harvested soybean and was about to sell.
The price was Rs. 1620/-(~$32). He gathered from RML
about a fall in soybean production in the US and
Argentina. He held back the sale and sold later at 2430/- (~$50)
per quintal.
“I got message on relative humidity going up to 70%.
As a precaution, I put a spray of Rs. 500 (~$10). My friend did not know this. He lost nearly Rs. 4 lakh of his
crop that day.”
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Confidential
© RML
Impact on the farmers lives…continued…
Saved Rs. 12000 on
chemicals and
increased yield by
1.5-2qtl per acre
Application of
micronutrients
increased yield by 2-
3 quintal per acreIncreased yield 2
quintal per acre
and saved Rs.
20,000 by using
less seeds
Saved Rs. 20,000
on not re-sowing
and increased
yield by 15-20%
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Confidential
© RML
Recognized as pioneer by the experts……
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ICRIER study
Mention in
Nandan
Nilekani's
book 'Imagining
India'
Mention in Prof.
C.K. Prahalad's
path-breaking
book
"Fortune at the
Bottom
of the Pyramid"
London
Business
School case
study
FT & Justmeans
Social Innovation
Award,2010 for "Best
Base of the Pyramid
Strategy"
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Mbillionth Award South Asia,
2010 for pioneering a mobile
based information service for
farming communities in villages
across India
Highly Commended, The Coffey
International Award, supported
by the Department for
International Development,
2010
Conferred by the United Nations
Development Programme, the
International Chamber of Commerce and
the International Business Leaders Forum
Included in the
Accenture Report –
'Masters of rural
markets: The
Hallmarks of High
Performance'
Included in The
City UK Financial
inclusion
brochure.
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Confidential
© RML
Creating a multiplier effect…and continuously improving….
Sharing lessons with the world
• Government and rural development
officers in Kabul, Afghanistan
• Development and donor community
at the IFC, Washington, DC
• Advisor to the Government of
Tanzania
• Workshop for key World Bank
Officials at World Bank, New Delhi
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Confidential
© RML
RML’s growth in India….
• Over the years, RML has positively impacted hundreds of thousands of farmers.
• It is estimated that the RML service has been used by over a million farmers, through sharing, with several hundred thousand using a paid service.
• RML operates in 13 states in India and covers over 440 crops and varieties with more than 1400 markets and 2800 weather locations across these states.
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Confidential
© RML
In Summary
• RML has built a revolutionary service that directly and positively impacts the farming community
• It can be a valuable partner to organizations engaged in agriculture.
Inclusive and Sustainable
growth in the country.
An example for other countries
to emulate.
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