MINI PROJECT REPORT

ON
“Agrotech”
TOWARDS PARTIAL FULFILMENT OF TWO YEARS(FULL TIME)MASTER OF
BUSINESS ADMINISTRATION(MBA)PROGRAMME

UNDER THE SUPERVISION OF: SUBMITTED BY:

Dr. SUMAN YADAV DEV PRAKASH CHAURASIYA
COORDINATOR MBA ROLL NO:2100430700011 MBA 1 st SEMESTER

BATCH:2021-23
DEPARTMENT OF MANAGEMENT
 DECLARATION
I undersigned, hereby declare that the mini project titled “AGROTECH” submitted in
partial fulfilment for the award of Degree of Mast of Business Administration of B.I.E.T.
Jhansi, Uttar Pradesh is a bona fide record of work done by me under the guidance of Dr.
Suman Yadav and all faculty members of MBA department of Bundelkhand Institute Of
Engineering and Technology, Jhansi, Uttar Pradesh. This report has not previously
formed the basis for the award of any degree, diploma or similar title of university.

DATE:
SIGNATURE: DEV PRAKASH CHAURASIYA
 ACKNOWLEDGEMENT
Through this acknowledgement, I express my sincere gratitude towards all those people who
helped me in this project which has been a learning experience.
This space wouldn’t be enough to extend my warm gratitude towards my project guides Dr.
SUMAN YADAV and the faculty members for their efforts in coordinating with my work
and guiding in right direction.
I escalate a heartfelt regard to our Institution Director Prof. Pulak Mohan Pandey for
giving me the essential hand in concluding this work.
It would be injustice to proceed without acknowledgement those vital supports I received
from my beloved classmates and friends, without whom I would have been half done.
I also use this space to offer my sincere love to my parents and all others who had been there,
helping me walk through this work.

DEV PRAKASH CHAURASIYA

 ABSTRACT
Innovations are vast and intellectual. “AgroTech” is concerned with applying technology in
the fields of agriculture to grow sustainably with the environment and to produce more with
minimum loss or no wastage.
Main aim is the use of technology in agriculture, horticulture and aquaculture with the aim of
improving yield, efficiency and profitability. Agriculture technology can be products,
services or applications derived from agriculture.
We at “AgroTech Private Limited” are the producers of crops, dairy products and the
poultry including chicken and eggs by all organic methods. We as a brand aim to expertise in
growing agricultural goods with no use of pesticides aiming to grow all organic with Indian
native breed milch cattle and native breed poultry farming.
We focus on high end research at an expensive level with our highly qualified team and aim
to pair the developed and developing technology with the manufacturing process to deliver
tailor-made solutions at every level of growing crops to poultry to dairy products.
 INDEX

S.No. Chapters/Particulars Page No.

01 Introduction 06

02 Idea generation 06

03 Types of Agricultural Technology 06-07

04 Agricultural Drone 08
05 Satellite Photography 09

06 IOT-based Sensor Networks 09

07 Phase Tracking 10

08 Whether Forecasting 10-11

09 Demand Analysis 11

10 Analyzing the competitors 11-12

12 Analysis of resources for implementing the idea 12

13 Government Loan Schemes 12-13

14 Machines and Tools Required 13

15 Salary, Wages, Training Charges 14-16

16 Annual Turnover 16

17 Net profit per year 16

18 Break-Even point 16-17

19 Risk Management 17
20 Conclusion 17
INTRODUCTION:
What is “AgroTech”?

It is the use of technology in agriculture, horticulture and aquaculture with the aim of
improving yield, efficiency and profitability. Agricultural technology can be products,
services or applications derived from agriculture that improve various input/output
processes.

Advances in agricultural science, agronomy and agricultural engineering have led to applied
developments in agricultural technology.

Idea Generation:
The history of agriculture has been shaped by technological advances. Historians have
described a number of agricultural revolutions, which identify major shifts in agricultural
practice and productivity. These revolutions have been closely connected to technological
improvements.
A major turning point for agricultural technology is the Industrial Revolution which
introduced agricultural machinery to mechanise the labour of agriculture, greatly increasing
farm worker productivity. Modern mechanised agriculture powered machinery has
replaced many farm jobs formally carried out by manual labour or by working animals such
as Oxen, Horses and mules.

Since the 20th century saw major advances in agricultural technologies, including the
development of synthetic fertilizers and pesticides and new agricultural machinery
including mass produced tractors and agricultural aircraft for aerial application of
pesticides. More recent advances have included agricultural plastics, genetically modified
crops, improved drip irrigation and soilless farming techniques such as hydroponics,
aquaponics and aeroponics.

In the first decades of the 21st century, Information age technologies have been increasingly
applied to agriculture. Agricultural robots, agricultural drones and driverless tractors have
found regular use on farms, while digital agricultural and precision agriculture make use of
extensive data collection and computation to improve farm efficiency.
Types Of Agricultural Technology:
Following are the agricultural technologies we are aiming for implementing on our farm
land. They are as follows.

1 Agricultural Drone
2 Satellite photography

3 IoT- based sensor networks

4 Phase tracking

5 Weather forecasts

6 Automated irrigation

7 Light and Heat control

8 Intelligent software analysis for pest and disease prediction, soil management and other
involved analytical tasks.

9 Biotech

10 Hydroponics, soilless farming technology

11 Soil moisture sensors

Agricultural Drone:
 It is an unmanned aerial vehicle used to help optimize agriculture operations,
increase crop production, and monitor crop growth. Sensors and digital imaging
capabilities can give farmers a richer picture of their fields. Using an agricultural
drone and gathering information from it may prove useful in improving crop yields
and farm efficiency.
 Agricultural drones let farmers see their fields from the sky. This bird’s –eye- view can
reveal many issues such as irrigation problems, soil variation and pest and fungal
infestations.

 Additionally the drone can survey the crops for the farmer periodically to their liking.
Weekly daily or even hourly pictures can show the changes in the crops over time,
thus showing possible “trouble spots”.
 Satellite photography:
 Geographic information systems(GIS) tools and online web resources can help
farmers to conduct crop forecasting and manage their agriculture production
by utilizing multispectral imagery collected by satellites.
 When agriculture management software is not in place, vegetation and soil
index imagery can be reviewed in Google Earth Pro for regional farmers to
identify areas in the fields, requiring a closer analysis to decide if additional
irrigation or fertilization of the crop is required.

3 IoT-Based Sensor Networks:

 IoT plays a very smart role in smart agriculture.
 IoT sensors are capable of providing information about agriculture fields. We have
proposed an IoT and smart agriculture system using automation.

 This IoT based Agriculture monitoring system makes use of wireless sensor networks
that collects data from different sensors deployed at various nodes and sends it
through the wireless protocol.

 This smart agriculture using IoT system is powered by Arduino, it consists of

Temperature sensors, Moisture sensor, Water level sensor, DC motor and GPRS
module.
 4 Phase tracking:
 Phase tracking refers to the agricultural cycle or the annual cycle of activities
related to growth and harvest of a crop.

 These activities include loosening the soil, seeding, special watering, moving
plants when they grow bigger and harvesting among other.

 The main steps for agricultural practices include preparation of soil, sowing,
adding manure and fertilizers, irrigation, harvesting and storage.

5 Weather Forecast:
 Weather forecasts for agriculture can be grouped into short range forecast(up
to 48 hours) medium range forecast (3-10 days) and long range forecast(one
week to entire season).

 Each plays an important role in farm operations and planning of agricultural

activities.
 So above are some of the ways which we will be implementing on our AgroTech
farm to get better yield considering the sustainable development in accordance with
nature.

Demand Analysis of the product in the market:

Infoholic’s market research report predicts that the global AgriTech market will grow
at a CAGR of more than 18% during the forecast period 2019-2025. The market for
AgriTech market is primarily driven by the increasing demand for enhancing the
crops productivity and cultivation. The integration of various AgriTech technologies
can drive fruitful results for farmers.

India’s agritech market is estimated to reach $24.1Bn by 2025, as per Inc42 Plus
analysis. Among all the sub-sectors in agritech, market linkage has the highest potential to
reach $12Bn by 2025.

Analysing the potential of Competitors:

Some of the major startups in this category are WayCool, Origo Commodities,
Ninjacart, Crofarm and Agrostar

Chennai based WayCool has raised $32 million in a combination of equity and debt in
its Series C round.

Ninjacart backed an investment amount of $30 million by Flipkart and Walmart.

Analysis of resources for implementing the idea:
 The Mordern Acre

 Agtech

 Future of Agriculture

 RDO Equipments

 Precision Agriculture Technology for Crop Farming

 IoT and Analytics for Agriculture

 Big Data’s Potential in Developing Economies

 AgFunder News

 Ag Tech News

 Agritech Tomorrow

Government Loan Schemes, Capitol/Finance:

 Agriclinic and Agribusiness Centers Scheme

 National Bank for Agriculture and Rural Development

 Kisan Credit Card Scheme

 Dairy Entrepreneurship Development Scheme

  Rural Godowns

 Loan against Warehouse Receipts

 Solar Schemes

 State Bank of India Agricultural Loans

 HDFC Bank Agricultural Loans

 Allahabad Bank Agricultural Loans

 Bank of Baroda Agricultural Loan

 Punjab National Bank Agricultural Loans

 ICICI Bank Agricultural Loans

 Axis Bank Agricultural Loans

Machines and tools required with price:

Some of the most common agricultural equipments we find in every other
agricultural fields are.

 2 & 4 stroke agricultural sprayer [ amount- 10,000/-]

 Mini pump [ amount – 13,000/-]

 Trolley Sprayer [ amount- 22,000]

 Cultivator [ amount-40,000]

 Roto Seed Drill [ will procure on contract basis]

 Manure Spreader [ will procure on contract basis]

 Rotary Tiller [ amount 34,000-60,000]

 Shovel X 20 [amount 1000 per piece]

 Hoe X 20 [ amount 200 per piece]

 Bolo X 7 [ amount 200 per piece]

 Wheelbarrow X 10 [ amount 5000 per piece]

 Hand Trowel X 20 [amount 150 per piece]

 Farm Drone X 5 [ will procure on rent]
  Sprinkler installation over 7 acres of farm amount as per current market price.

 Green House installation price over 2 acre of land amount as per current
market price.

 AI based temperature sensors installation over 7 acres of farm land amount as

per current market price.

Salary, Wages , Training charges for workers:

Manpower Required ( Working Capitol)

Description Total Nos. Salary/Month

Manager 1 25,000

Production Manager 2 20,000

Skilled workers 5 per worker 8,000 40,000

Unskilled workers 10 per worker 5,000 50,000

Watchmen 2 per person 4,500 9000

Total 144,000

Raw Materials Per Month(Working Capitol)

Description Quantity(ton) Rate(per ton) Total Cost(Rs)

Green house 9 10,000 90,000

(green shade net)

Seed price 2 25,000 50,000

Total 1,40,000
Utilities Per Month(Working capitol)

Description Cost(Rs)

Power 50,000

Fuel 20,000

Total 70,000
 Other Contingent Expenses Per Month(Working capitol)

Description Cost(Rs)

Postage and stationery 500

Telephone 1,000

Transportation(450*100) 45,000

Insurance 3,000

Repairs and Maintenance 2,500

Advertisement and publicity 5,000

Misc. Expenditure 10,000

Total 67,000

Summing The Finance

 Total working capitol per month= 1,20,500

 Total working capitol 3 month= 3,61,500

 Fixed capitol= 2,15,000+50,000(Installation charges)=2,65,000

 Total Investment= Fixed capitol + working capitol= 2,65,000+3,61,500= 6,26,500.

Financial Analysis

Description Cost(Rs)

Total Recurring cost of production per 10,25,000

year

Depreciation on Plant, Machinery and 45,500

Other equipment @10%

(4,55,000*10%)

Depreciation on office equipments@20% 6,000

(30,000*20%)

Interest on total capitol 87,710

investment(6,26,500*14%) Bank Loan
Total cost 11,64,210

ANNUAL TURNOVER

Quantity(ton) Rate(per ton) Value(depending on

the quantity produced)

10 10,000 100,000

{value for 10 tons }

Net Profit per Year:

As per Section10(1) of the Income Tax Act, 1961 agricultural income is exempted
from taxation. The central government cannot levy tax on the agricultural income
received.

So the Net Profit per Year will vary, something between 500,000 to 700,000
depending on the weather conditions like rainfall, natural calamities, percentage of
cropping success or cropping failure.
Break Even Point
FIXED COST IN RUPEES
Depreciation on plant and machinery 45,000
@10%

Depreciation on office equipment @20% 6000

Depreciation on total capital investment 87,710

@14%

50% of salary and wages 50,000

50% of other contingent 45,000

expenses(excluding insurance)

Total 234,710

Break Even(Rs.) 7,50,260

Break-Even Analysis refers to the point in which total cost and total revenue are equal. A
break-even point analysis is used to determine the number of units needed to cover total
costs(fixed and variable costs).

Break-Even Point= Fixed cost*100/(fixed cost + net profit )

=7,50,260*100/(7,50,260+ 6,00,000)

=75,02,6,000/1,35,0,260

=55.56%

Risk Management:

The risks that may occur in the establishing the boutique are follow.

 Venues and cash inflow of the project may be lower than the expected in
different years.
 Political changes may hamper the production of the project.

 Shortage of laborers or their strike may hinder production process.

 Macroeconomic factors like inflation can hamper on the project and fluctuation
of demand.

 Weather or natural calamities will also hamper the growth of crops.

 Crop failure due to certain kind of diseases or bacterial growth and not doing
their timely treatment.
Conclusion:

The break-even point is at 55.56% of total sales. It means the “AGROTECH” will earn
profit after the 55.56% of the sale. When the company reaches at that point there will be
no profit and no loss. But when the company crosses the break-even point it will start
earning profit. So we can predict that having a profession of agriculture with the help of
technology has very much scope in future. There are many government policies which helps
in establishing the new entrepreneurs’ who have interest in Agro technology with minimal
interest rates. More over As per Section 10(1) of the Income Tax Act, 1961, agricultural
income is exempted from taxation.