Wednesday, July 13, 2011

J&K Bank Bengal Tools ink pact

Committed to boost agriculture in the J&K state by making organized finance facility with superior features available to the famers, J&K Bank signed a Memorandum of Understanding (MoU) with Bengal Tools Ltd. (BTL), a Shrachi Group company engaged in manufacturing of power tillers, reapers and power weeders, here at Bank’s Corporate Headquarters  today.
R K Shah, BanK’s Vice-President for Strategy & Business Development signed the agreement on behalf of the J&K Bank while A K Tomer, Chief Operating Officer (Marketing) put in his signatures on behalf of the BTL, in presence of Tafazal Hussain, Bank’s President.

In his address, Tafazal Hussain described the pact as a step towards modernizing the farming in the state of Jammu and Kashmir. “J&K Bank, sticking to its tradition and commitment, has entered into this tie-up to boost farm mechanisation and provide hasle-free and viable financial assistance to the people directly associated with the agriculture sector”, he said.
Emphasizing on the need to apprise the farmers about the advantages of using these state-of-the-art machines, Tafazal said, “The purpose of the tie-up will be served only when you have an informed farming community eager to adopt technology and well aware about its efficiency and potential to enhance productivity”. He stated that awareness camps shall be jointly organized at major rural centres in this regard.

R.K Shah hoped that the pact would help the Bank reach aspiring farmers across the state. “J&K Bank would be extending finance to these agriculture equipments under JK Bank Kisan Dost Finance, a highly customized and hasle-free product”, Shah said.

A K Tomer expressed hope that the vast network and wide reach of J&K Bank will ensure these farmer-friendly products reach farming community across the state and help them enhance productivity. “The tie-up with J&K Bank was preceded by a thorough reasearch on J&K state, its financial landscape and its agrarian potential with special reference to viability factor”, he said.

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