Page 41 - BF Cover February 2019

ARTICLE

bank can motivate the farmers to use this micro irrigation
system in their field specially in dry land areas.

History of bank showed that the result of JAN DHAN account
, on that pattern a revolution can be created by spreading
the nets of drip/ sprinkler irrigation among farmers.Finance
is also one factor for popularity of drip/ sprikler irrigation.

The role of Bank is immense. We generally see that bank is
giving franchise to those people who are outside the bank
and having good reputation. Through this franchise banks
mobilize good proposal and increase their business. Drip / Now there is need of awareness which will drastically
Sprinkler irrigation is also potential area for agriculture change the farmers' income.
finance that also comes under priority sector.
More over Bank has set up a vertical FINANCIAL INCLUSION
to focus on inclusive growth for the underprivileged category
In such a circumstances there is need of motivation among
farmers . That work bank is doing but the pace is slow. By of beneficiaries / customers in underserved / marginally
arranging work shop in villages and narrating the benefits served Urban and Rural environments through banking
services.
of Drip / Sprinkler irrigation to farmers will be win win
situation for both that is bank and farmers. If farmers adopt
The Banks' approach towards financial inclusion is to create
drip / sprinkler irrigation the their income will jump by
reducing the cost of cultivation. first the need among the targeted group as there is enough
demand for the products / services offered by the Bank in
the centers of operation. The need / demand creation for
More over every bank is implementing one area specific
scheme per district throughout the country to tap local these services is assessed through financial counseling by
potential over a period of time. Under area specific scheme Banks' specialized financial inclusion branches, village
banks conduct local survey and formulate specific scheme knowledge centers and financial literacy centers.
for farmers.
Join the Risk
Under area specific scheme farmers income increase by way
of doing extra work apart from farming. Actually under area
specific scheme banks make a tri partite agreement with
company which assures bank as well as farmers to initiate Management
new avenue. Like popular tree plantation scheme was very
successful in Uttarakhand where both the farmers as well
as bank were benefited. Similar tie ups banks are doing Movement
under this scheme.

Banks are providing sector wise loan to farmers with Visit our website
discounted rate of interest like Estate purchase loan, loan
against gold / silver jewellery for agriculture up to 20 lakh www.rmaindia.org
under priority sector and 10 lakh under non priority
sector,Kisan all purpose term loan upto 20.0 lakh Kisan tatkal
Risk Management
Risk Management
Risk Management
Risk Management
scheme upto 0.50 lakh, Scheme for purchase of Renewal Risk Management
energy equipment, purchase of land for agriculture purpose
Association of India
Association of India
Association of India
Association of India
upto Rs 10.0 lakh ,Scheme for financing KCC above 3.0 lakh,
Scheme for financing nursery units, financing members of Association of India
SHG / JLG also through business correspondent model.
BANKING FINANCE | FEBRUARY | 2019 | 41