2.55 (0.21%) Axis Bank in association with National Bank for Agriculture and Rural Development (Nabard), has formed farmers’ club across 12 states to develop rural areas through credit, technology transfer, awareness and capacity building. The country’s third largest private sector bank’s 16 agriculture business centers promoted 106 farmers under this club.
Introduced to bridge the gap between rural customers and banks - farmers’ club is a grass-root level informal association comprising 10-15 farmers of the same or nearby villages promoted by rural/semi-urban branches. It has undertaken activities ranging from base-level orientation training programme, capacity building exercise and ‘meet the expert’ programme that encouraged the culture of better credit usage.