Jammu & Kashmir Bank (J&K Bank) has signed a memorandum of understanding with Bengal Tools (BTL) to boost farm mechanization. The bank has taken this step towards modernizing the farming in Jammu and Kashmir region. With this tie-up, J&K Bank intends to boost farm mechanization and provide hassle-free and viable financial assistance to the people directly associated with the agriculture sector.
Bengal Tools is part of the Kolkata based Shrachi group engaged in the manufacture of power tillers, reapers and power weeders.
The bank feels that the purpose of the tie-up will be served only when informed farming community are eager to adopt technology and well aware about its efficiency and potential to enhance productivity. In this regard the bank will also organize awareness camps jointly at major rural centres.
Jammu and Kashmir Bank has a pan-India presence through its network of 556 branches, out of which 344 branches are located in semi-urban and rural areas. It also includes extension counters and service branches. The bank has a network of 212 ATMs which is the largest ATM network in J&K. It is the only bank in private sector that has been designated as agent of RBI for banking.
