Mangaluru, July 20 2019: “It is an era, where modern technology and practices are taking over the conventional methods of agricultural practices. This eventually leads to increase in productivity and effective handling of produce. Hence Food and agri. processing sector plays a vital role in the modern day agriculture. Processing will enhance the shelf life and value addition to the agri. produce. Banks have job on hand to make “Conventional Farmer into a modern day Entrepreneur and this change itself provides abundant lending opportunities” said Shri Mahabaleshwara M S, Managing Director & CEO of the Bank.
He also stressed on cropping pattern and plan to cultivate mix of food and cash crops to avoid unforeseen circumstances like fall in market prices, low production and natural calamities. Bank has more and more farmer friendly agri. products being regularly updated as and when required to take agriculture portfolio to new heights. He was delivering key note address in Banks‘ Agri Business Conference’ held today here at Mangaluru.
“With the Government’s thrust on food and agro processing through PM Kisan Sampada Yojana, formation of separate ministry for animal husbandry and fisheries with a vision to double farmers income by 2022.There are enough opportunities for financing in agricultural sector mainly agri processing and agri infrastructure. Bank will bestow special focus to leverage these positives” said the MD & CEO of Karnataka Bank.
Shri Balachandra Y V, Chief Operating Officer and Shri Gokuldas Pai, Chief Business Officer also addressed the participants and highlighted the need for a healthy Agri. portfolio.
In the beginning, Shri Vinaya Bhat P.J, General Manager, welcomed the participants and the conference was concluded with vote of thanks by Shri. John V.T, Chief Manager.