SLCM (Sohan Lal Commodity Management) Pvt Ltd has designed a cellular app that can aid evaluate various high-quality parameters of agricultural commodities within minutes and it will very likely be introduced by this month-stop.
“This will be a activity-changer and a defining minute for India. The app is dependent on synthetic intelligence (AI) and equipment studying (ML). It is the end result of above 4 years of research carried out by us,” claimed Sandeep Sabharwal, Chief Government Officer (CEO), SLCM team.
In 2018, the company applied for a patent for the app. It would be out there for downloading at the stop of the month on smartphones or tablets.
No cost of cost, originally
“Initially, the app will be out there free of charge of any cost. Then, it will be membership-dependent,” Sabharwal explained to BusinessLine.
The app will test various high-quality parameters in a wide variety of foodgrains and pulses in addition to guar in no time with ninety for every cent precision compared to exams executed by labs. The final results provided by the app will be immediately compared with pre-fed details in the firm’s again-stop method that will on a regular basis update by itself via ML on a actual-time basis, the SLCM Ceo claimed.
“We gained a technical support grant of €125,901 (₹1.11 crore) from the Technical Help Facility of Incofin agRIF fund and the Smallholder Security Internet Upscaling Programme (SSNUP) in Europe toward the progress of the app’s high-quality software for foodgrains and pulses,” Sabharwal claimed.
The advantage of the app above the classic high-quality labs or some of the new units that are coming in aiding to offer high-quality experiences immediately is that it does not will need to be set up in any area or any manpower or electric power to scan the commodity.
“The cellular by itself is an instrument, which is unbiased of any cellular community. It will be section of our AgriReach, which is an aggregator-dependent scientific warehousing model to shop any crop agnostic of infrastructure, site, weather or geography,” Sabharwal claimed.
As soon as the app is introduced, its on-floor utilisation will aid to boost high-quality checks of agricultural commodities and disseminate the quickly acquired high-quality manage final results in a safe and clear environment, he claimed.
SLCM was started in 2009 by Sabharwal and 4 others with a meagre financial commitment of ₹6 lakh. Its “grandparenting firm” was associated in milling of pulses for a long time. “We realised that agricultural management products and services have been missing with a handful of millers and arthiyas (commission agents) only possessing infrastructure this sort of as warehouses,” the SLCM CEO claimed.
With the region becoming just one that had multi-crops and seasons, people have been not entirely knowledgeable of what crop was grown, when and where. “Nor have been they backed by good storage infrastructure of finance,” he claimed.
This led to the company opting for an algorithm-dependent software package and named it AgriReach. “It is our proprietary method for which we have sought patent,” the SLCM CEO claimed, incorporating that AgriReach can help cut down post-harvest losses via good infrastructure management.
“The software package brings together a sequence of processes, audits and actual-time monitoring of facilities to give updates on which crops can be saved, where and when. It employs approaches like geo-fencing, actual-time monitoring, bar-coded storage receipts to stay away from thefts or pilferage and interior audits with a maker and checker policy at every single stage of operation,” Sabharwal claimed.
From April this 12 months, SLCM has started working with one more proprietary alternative “AgriSuraksha”, which is an net-dependent surveillance technology that can help actual-time checking of storage warehouses. “This incorporates satellite conversation in spots where there are no good electric power connections or lights,” he claimed.
As of August 2021, SLCM tracks 200 warehousing facilities working with AgriSuraksha. By the near of the latest fiscal, 80 for every cent of its warehouses will be brought underneath its protection.
Sabharwal claimed a key improve that SLCM has brought into agricultural funding is treating “crop as collateral”. For this purpose, it bought a Chennai-dependent non-banking finance company (NBFC) and renamed it Kissandhan.
“Our NBFC extends finance to farmers treating their crop as a collateral. So far, we have financed five.02 lakh farmers with our disbursements totalling ₹2,24.33 crore till August 31,” he claimed.
At present, New Delhi-dependent SLCM is current in seven,157 spots across the region possessing 102.54 million sq ft of storage, including chilly storages. It has managed 1.75 billion tonnes. “We take care of 959 commodities in India. By 959 commodities, we consist of various varieties within a crop,” he claimed.
The company also manages a community of 255 industrial zones in Myanmar, handles 525 commodities, possesses 6.ninety one million sq ft of storage space and has managed 11.sixty four million tonnes of agricultural merchandise.
“We have made a constructive impression in the livelihoods of above 3.86 crore people in addition to one more 19.34 crore. We ply ten,000 trucks every single month carrying seven.five million tonnes of agricultural commodities and other merchandise across our networks in India as perfectly as Myanmar,” Sabharwal added.
“Even for the duration of Covid-19 shutdown, our workers carried necessary commodities across the region to be certain well timed shipping and delivery,” he claimed.