A recent press report said that J&K Bank has signed a memorandum of understanding with Bengal Tools (BTL), part of the Kolkata based Shrachi group engaged in the manufacture of power tillers, reapers and power weeders, to boost farm mechanization.
In his address, J&K Bank president Tafazal Hussain described the pact as a step towards modernizing the farming in Jammu and Kashmir. “J&K Bank, sticking to its tradition and commitment, has entered into this tie-up to boost farm mechanization and provide hassle-free and viable financial assistance to the people directly associated with the agriculture sector,” he said.
Emphasising 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 centers in this regard.
The bank is well known for its products and services. The lending portfolio of the bank includes loans such as home loan, personal loan, car loan, educational loan etc