Karnataka Bank & Digivriddhi Partners to offer Financial Service to Dairy Farmers

Current Context: The partnership between Karnataka Bank and Digivriddhi (DGV) to offer financial services to dairy farmers and milk societies was announced on January 9, 2024.

• The services will be made available at village dairy co-operative societies associated with milk unions of the Karnataka Milk Federation (KMF).
• Initially, these services are being made available to milk societies associated with the Chamarajanagar Milk Union, and will be rolled out to farmers of other unions in rapid succession.
• The partnership aims to provide seamless and innovative end-to-end digital product offerings to the dairy farmers and provide access to institutional credit, while easing and digitizing payments across the dairy value chain.
• H. Srikrishnan, the Managing Director and Chief Executive Officer of Karnataka Bank, mentioned that this partnership is part of their efforts to accelerate fintech initiatives and collaborations across various verticals to enhance access to markets and customer experience.

Question:

Q.1 Who are the partners in the initiative to offer financial services to dairy farmers?
a. Karnataka Bank and Microsoft
b. Karnataka Bank and Digivriddhi (DGV)
c. Digivriddhi (DGV) and Google
d. Microsoft and Google