India, 17th July 2023 Indian Overseas Bank has partnered with SatSure (https://www.satsure.co/), a deep tech decision intelligence company to leverage location-specific insights via satellite imagery and digital transformation to improve Agri asset loan lifecycle management.
The project will commence with a three-month Proof of Concept (POC) phase, scheduled to run from June to August. During this period, Indian Overseas Bank will utilize two key services offered by SatSure:
Sat Source Report: SatSource report combines 30+ parameters that affect the crops and the income potential of the farmer from the crops cultivated in the previous seasons
Lead Generation: Regional-level agricultural and crop analytics will be provided to understand the historical risk and plan the lead generation.