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| JK Bank inks tie-up with country’s leading Agri-equipment Company | | |  EARLY TIMES REPORT
Srinagar, June 18:
With a view to help mechanization of farm sector and give boost to agricultural productivity in the state, J&K Bank today signed a Memorandum of Understanding (MoU) with Premier Power Equipments & Products Pvt. Ltd. (PPE&P) a leading agricultural equipment manufacturer company of India, here at Bank’s Corporate Headquarters.
R K Shah, Vice-President for Strategy & Business Development (S&BD) signed the agreement on behalf of the J&K Bank while as A. Rajkumar, CEO & Director put in his signatures on behalf of Premier Power Equipments & Products Pvt. Ltd in presence of Tafazal Hussain, President S&BD.
In his presidential address Tafazal Hussain said that the purpose of such tie-ups was to see J&K evolve as a highly developed and economically self-reliant state.
He said, “J&K Bank, committed to state’s development, wants to be part of every success story being scripted on the financial landscape of the state by employing its resources and utilising its massive branch network”.
Stating that the agreement would work like a catalyst in using agricultural equipments, Hussain informed that the Bank would be extending the finance to agriculture equipment buyers under “JK Bank Kisan Dost Finance”, a highly customized and hassle-free product.
H e further stated that awareness camps about salient features of the product shall be held at district headquarters in J&K soon, as it is believed, on the basis of technical certification that the equipments being introduced are highly useful and viable in the state.
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