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Sunday, January 5, 2014

Corporation Bank launches campaign for agri credit delivery

Corporation Bank has launched a year-long campaign for the delivery of agriculture credit and financial inclusion initiatives at all its branches.

A statement by the bank said here that the campaign has been launched in tune with the ‘International Year of Family Farming’, declared by the United Nations for 2014.

The focus of Corporation Bank will be to assist farming families, especially having small and marginal holdings; the weaker sections, minority communities, and self-help groups and joint liability groups, it said.

Lending to agriculture and allied activities to farming families and assessing their needs comprehensively will be pursued during the camps at the bank’s branches.

Extending the services and products of the bank, including savings accounts, recurring deposits, micro insurance and remittance facilities, will also be among the main activities proposed, the statement said.

The objective of the campaign is to stimulate sustainable development of agricultural systems focused on farming families, community units, self-help groups, and cooperatives working in rural areas, the statement added.
Source: Thehindubusinessline


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