India’s vast geography makes it one of the world’s most productive agrarian economies, contributing 15-16% to its GDP and ensuring food security for 1.3 billion people. However, 89.4% of agricultural households own less than two hectares, facing challenges like erratic monsoons, rising temperatures, groundwater overexploitation, poor irrigation, overuse of chemical fertilizers etc. Small farmers struggle with credit and insurance, while complex agricultural policies hinder progress. Considering all these factors, Satyukt Analytics envisions leveraging ISRO’s satellite data for agriculture with a forward-thinking approach. We advocate for real-time integration into agricultural delivery, farm-scale credit assessments, and crop insurance. Promoting precision agriculture, particularly in water optimization and crop advisories, and incentivizing agri-tech startups to collaborate with institutions like KVKs, will drive sustainable growth. We support policies that encourage ag-tech startups to run awareness programs for best practices and emphasize digital literacy and R&D to create user-friendly agritech solutions tailored to farmers’ needs. These initiatives align with our mission to innovate in agriculture, banking, and financial services through advanced technologies.
