IDBI Bank, the public sector lender has reportedly entered into partnership agreement with Jain Irrigation Systems (JISL) for financing Minor Irrigation Systems to farmers. This partnership will provides assistance to farmers across all the branches of the Bank wherever JISL has a dealer network. This partnership will help the farmers to enhance their acreage under irrigation with minimum use of available water resource.
JISL will help the bank in identifying eligible farmers with a requirement for micro irrigation systems, crop management services, etc. It is expected that a large number of farmers will be financed through this tie-up in the coming months as use of water-saving methods like drip and sprinkler irrigation method, are being encouraged by various State Governments.
IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the bank to offer personalized banking and financial solutions to its clients through its 1,111 branches and 1,762 ATMs.
