Karnataka Bank has signed a memorandum of understanding with Nabard Consultancy Services (Nabcons) for providing services to clients referred by Karnataka Bank.
According to a press release, the clients can get help in the preparation of techno-economic appraisal and feasibility reports, and detailed project reports for investments in agriculture and allied activities.
The collaboration would include services of Nabcons in the field of microfinance, women empowerment, training, capacity building, periodic monitoring, and so on. The MoU would be operative for three years.
‘Green branches’
Quoting P. Jayarama Bhat, Managing Director of Karnataka Bank, the release said: “The bank has already identified 51 ‘green branches’ across India for focused agricultural lending.
“The present MoU is expected to provide further momentum.”
The bank has set a lending target of Rs 3,770 crore to the agriculture sector for 2012-13.