Karnataka Bank Signs MoU with Tirth Agro Technology ...
Mangaluru based private sector bank Karnataka Bank Ltd signed a Memorandum of Understanding with the leading agricultural equipment/implements manufacturer Tirth Agro Technology Pvt Ltd, Rajkot, on January 25, 2017 in to finance farmers for agri mechanisation.
Aim of the MoU
To establish a platform for co-operation between the two in identifying farmers in need of buying agricultural implements/equipment and financing them by the bank on its terms.
To promote agriculture mechanization in India by utilizing bank’s experience in agricultural finance through its branches across India.
To use expertise of the company in field of manufacturing of high quality agriculture equipment and implements.
Further enhancement of agricultural finance to the farmers, particularly small and marginal farmers.
The Tirth Agro Technology Pvt Ltd manufactures agricultural implements under the brand name ‘Shaktiman’. It has a network of more than 685 dealers and 42 distributors across India.