News Update

Spice Money eases PM-KISAN subsidy withdrawal for farmers


Prior to Diwali, the Indian government released the 12th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) financial incentive to qualified farmer households. With the use of their extensive network of 10,00,000 Adhikaris (merchants/nanopreneurs), Spice Money, a division of DiGiSPICE Technologies, is helping farmers and their families withdraw their subsidies.

Through its 1 million-strong Adhikari network, Spice Money has been bringing digital and financial services to Bharat. This network covers 95% of rural pin codes and spans over 2,50,000 villages, 18,000 pin codes, 700 districts, and 5,000 blocks, reaching over 10 crore households in India.

Spice Money eases PM-KISAN subsidy withdrawal for farmers

“At Spice Money, we are committed to empowering the underserved rural population by providing access to banking & financial services across the hinterlands of India. With the disbursement of the 12th instalment of the Pradhan Mantri Kisan Samman Nidhi ahead of Diwali, farmers and farmer families are accessing the subsidy at their nearest Spice Money banking outlet through AePS with the help of our vast network of 1 million Adhikaris.”said Sanjeev Kumar, Co-founder & CEO, Spice Money.

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