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Indian Farmer Uses Central Bank Digital Currency for Onion Farm Irrigation in Pilot Program
A farmer in western India used e-rupee funds from a central bank pilot to set up irrigation on an onion farm. The program aims to promote the digital currency. This demonstrates support for small-scale agriculture through direct digital payments.
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A farmer in a western Indian village set up a drip irrigation system on a small onion farm using digital currency issued directly from the central bank, @Reuters reported. The funds used by the farmer come from a pilot programme, according to the report. The pilot programme is part of India's efforts to boost its e-rupee, @Reuters stated.
The pilot is part of broader efforts to boost the e-rupee, the report added. The pilot demonstrates one application of the e-rupee in small-scale farming, amid India's ongoing digital currency trials, as detailed in the reporting.
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