Home ยป KVG Bank helps farmers to set up processing units

KVG Bank helps farmers to set up processing units

To help farmers set up cost-effective processing units, Karnataka Vikas Gramin Bank (KVGB) has established our food pvt. Ltd., Visakhapatnam.

According to the recently signed MoU, the seller will ensure the supply, distribution and installation of high quality, standardized and branded equipment / machinery as per the requirement of the farmer / farmer franchise, and also procure processed products. A press release stated that the sellers ensure regular collection of such loan accounts and also help the bank in the utilization of the loan.

Bank President P. Gopi Krishna, General Manager Chandrasekhar d. The MoU was signed in the presence of the Managing Director of Moro and M / s Our Food Private Limited. Ltd. Bala Reddy.

Shri Krishna said that there was a need to enter into a Memorandum of Understanding with large for technology and marketing and said that the lack of such agreements would create problems for marketing of agricultural produce.

Mr. Krishna said that through bank loans the firm will not only help in setting up processing units, but will also purchase and sell processed materials to bulk buyers.

Mr. Reddy said that the company will motivate unemployed educated youth to set up processing units as per local requirements. Under the MoU, the company will ensure farmers 20% and 25% above the market rate.

You have reached your limit for free articles this month.

Membership benefits included

Today's paper

Get a mobile-friendly version of the article from the newspaper of the day in an easy-to-read list.

unlimited access

Enjoy reading as many articles as you want without any limitations.

Personal recommendations

A list of articles that match your interests and tastes.

Fast page

Move seamlessly between articles as our pages load instantly.


One-stop-shop to see the latest updates and your preferences.


We inform you about the latest and most important events three times a day.

Support quality journalism.

* Our digital subscription plans currently do not include e-paper, crosswords and print.


About the author


Add Comment

Click here to post a comment