HARVESTING HOPE

FARMCONNECT APP-DEVELOPMENT
HARVESTBRIDGE: NEXUSGROWER

SRIVATSA M SYED THAIR AHMED PRATHYUSH NA

1CG22CS110 1CG22CS115 1CG22CS087
COMPUTER SCIENCE ENG COMPUTER SCIENCE ENG COMPUTER SCIENCE ENG
9743882029 8088150004 9071483581
CIT Gubbi,TUMKUR CIT Gubbi,TUMKUR CIT Gubbi,TUMKUR

I. PROBLEM STATEMENT
2011 Population: ~1.21 billion Detailed problem explanation:
2024 Population: ~1.44 billion Indebtedness: A significant number of farmers
Population Growth: ~230 million increase over take loans to finance their agricultural
activities.When crops fail or market prices
13 years.
drop,they struggle to repay these loans,leading to
India's population has seen significant growth from serve financial stress.Many loans are taken from
2011 to 2024, with an increase of approximately private moneylenders who charge exorbitant
230 million people. This reflects ongoing interest rates,exacerbating the situation.
demographic changes and economic development.
Farmers in 2011: 54.6% of the population Crop Failures: Adverse weather conditions such
as droughts, floods, and unpredictable monsoons
Farmers in 2024: Significantly lower due to often result in poor harvests. Crop failures not only
urbanization (exact percentage not specified)The diminish income but also increase the burden of
percentage of the population engaged in farming debt as farmers need to invest again in the next
has decreased significantly from 2011 to 2024. planting season.
This decline is attributed to increased urbanization
and shifts towards other sectors of the economy. Market Prices and Income: Fluctuating market
Farmer Suicides (1995-2011): ~290,000 prices for agricultural products can lead to unstable
and often insufficient incomes. The government's
Farmer Suicides (2011-2021): ~150,000
Minimum Support Price (MSP) policies are
Total Farmer Suicides (1995-2021): ~440,000​ sometimes not effectively implemented, leaving
Farmer suicides have been a persistent issue in farmers vulnerable to market volatility.
India. From 1995 to 2021, about 440,000 farmers
have taken their lives due to various pressures, Lack of Access to Credit and Insurance:
insufficient profits,which prevents them from Farmers often lack access to formal credit facilities
repaying their loans.The agriculture sector's and agricultural insurance. This leaves them
financial instability,driven by factors such as dependent on informal credit sources and without a
unpredictable weather,rising input costs,and safety net in case of crop failures.
market fluctuations,exacerbates their plight.This
dire situation leads to immense psychological and Social Pressures: Family pressures, such as the
financial stress,pushing many to the tragic decision need to arrange dowries for daughters, and social
of ending their lives. expectations add to the financial burdens faced by
farmers. The inability to meet these expectations Health Insurance: Offering health insurance can
can lead to mental distress and suicidal tendencies. reduce the burden of medical expenses, which
often add to the financial stress of farming families.
Technological and Ecological Issues: The
adoption of expensive genetically modified seeds Minimum Support Price (MSP): Ensuring that
like Bt cotton has been linked to increased debt the MSP is effectively implemented can guarantee
and ecological issues. These seeds are often more farmers a fair price for their produce, protecting
expensive and sometimes fail to deliver the them from market volatility. This can stabilize
expected yields, adding to farmers' financial woes. their income and make farming more economically
viable.
The combination of these factors creates a Market Access and Infrastructure: Improving
situation of extreme distress for many farmers, market access and infrastructure, such as
leading some to the tragic decision of ending their transportation and storage facilities, can help
lives. Addressing these issues requires a farmers get better prices for their produce by
multifaceted approach, including better financial reducing post-harvest losses and allowing them to
support systems, improved market access, and sell their products in more profitable markets.
more robust agricultural policies.
Introducing "FarmConnect": Your one-
stop solution for farmers and consumers alike!
II. SOLUTION With FarmConnect, we bridge the gap between
farmers and consumers by offering a
This Company providing sufficient loans, comprehensive platform. Farmers can access loans
insurance, and good prices for farmers can and insurance tailored to their agriculture needs,
significantly reduce the incidence of farmer while consumers can enjoy fresh, farm-to-table
suicides. Here’s how each of these measures can vegetables and fruits delivered straight to their
help: doorstep. It's not just an app; it's a revolution in
farming and food accessibility. Which focus on
Sufficient Loans: Access to Affordable Credit: increasing agriculture. Provides both online
Ensuring that farmers have access to affordable ordering service and also offline where consumer
loans from formal financial institutions can help can purchase.
them avoid the high-interest loans from private
moneylenders. Lower interest rates and more
flexible repayment schedules can reduce financial
stress.
III. IMPLEMENTATON PLAN
To implement this plan we divide this plan in
Loan Waivers and Restructuring: Implementing
further steps as follows:
loan waivers or restructuring for farmers in distress
CONNECT TO FARMERS:Here first we should
can provide immediate relief and prevent situations
try to establish a good relationship with farmers by
where farmers feel trapped by insurmountable
acknowledging them with this plan so they can
debt .
TRUST us and provide their products for selling in
fair price.
Crop Insurance: Crop Insurance: Providing
APP DEVELOPMENT: Develop the user
comprehensive crop insurance can protect farmers
friendly application which provides interface
against losses due to natural disasters like droughts,
where farmer(Producer) can put their products by
floods, and pest infestations. Insurance payouts can
taking guidance from FARMTECH
help farmers recover and reinvest in their next crop
COORDINATOR,and here the consumer can get
cycle, reducing the financial blow of a bad harvest.
their required products by placing their order in  To provide insurance,loans and other financial
this application. support to farmers.
 To reduce unemployment by increasing job
opportunity
FARMTECH COORDINATOR: He is the  To provide fresh vegetables,fruits to
person whose work is to check the farmer land and consumers door.
add the grown product into the application so it
reaches the consumer.

DISPATCHER: Here many are involved to take

the products from the Shop and serve to the
consumer within 20min.

SHOP: It’s aim is to build a shop where the

Farmer’s products are stored safely which can also
be accessed through offline consumers and also by
the dispatcher. We will also tie-up with local shops
only when they meet the required conditions.

TRAINER: This a person who trains the illiterate

farmer and also help a person who is new to
agriculture field (THE TRAINER MUST ALSO
BE A FARMER).

GUIDE: He is the one who take care of providing

seeds,natural fertilizers,land etc to the farmer.

OWN BANKING: Here the company involve

financially it provides fair price for the farmer
products, they also involve in providing
loans,insurance for the farmer when it is required.
Here we also focus to provide extra help from
farmer to other farmer during any crises.

BALANCED PRICE:Focus on maintaing the

price stable by implementing crop rotation based
on the particular conditions like weather,soil etc so
by this method we can also improve the fertility of
the soil.And due having multiple farmers the can
also be stable.

MAIN AIM
This company mainly aims:
 To reduce farmer suicide and to increase
farmers so they can provide food to all.
 To give fair price to farmer.