Karnataka Bank Ltd has entered into a memorandum of understanding (MoU) with Kubota Agricultural Machinery India Pvt Ltd for financing the company's ‘combine harvester', ‘rice transplanter' and tractors of various models to customers.
A bank release said here on Friday that the finance will be extended under bank's ‘KBL-Krishik Sarathi' scheme.
Mr B. Ashok Hegde, General Manager of the bank, and Mr Masayasu Otsuka, Deputy Managing Director of Kubota Agricultural Machinery India Pvt Ltd, signed the MoU, the release added.