They can also take advantage of this financing to buy agricultural machinery, irrigation equipment or build storage structures, among others, according to a statement from the bank.
The product is based on the Kisan credit card guidelines by the government and would provide lifetime coverage of Rs 10 lakh against Rs 2 lakh for an average card through simple and easy documentation that does not require the physical presence of staff to adapt to the nature of his work and his availability. Speaking at the launch,
“I feel like my career is over now that we are able to do something for them. With that we have a product that is as good for the brothers in the armed forces as it is for the farmers. It is our gift. from Independence Day to our protectors. ”he said.
This activity is part of the bank’s “Har Gaon Hamara” initiative to provide banking services to customers in rural and underserved areas of the country. The bank has already disbursed more than five lakhs in agricultural loans and has set up 12 Krishi Dhan Vikas Kendras across India, the statement said.
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