Leading bank in the public sector segment, Bank of Baroda on Thursday announced signing of an MoU with Finolex Plasson Industries in order to finance farmers for installation of Micro Irrigation system for their fields through.
Finolex Plasson, however, is engaged in the business of manufacturing and selling of Micro Irrigation Systems (MIS) for various field crops, horticulture crops, plantations, landscape, greenhouse and poly-house irrigation systems. It has dealer network across the country that markets and sells the Products and provide after sales service to the customers.
The MoU witnessed G.B. Bhuyan, Head- Rural and Agri Banking and CSR along with Rajesh Dave, General Manager-Finance of Finolex Plasson Industries.
"We are delighted to partner with Finolex Plasson Industries Pvt. Ltd to work jointly for the upliftment of farming community. Both Bank of Baroda and Finolex Plasson Industries Pvt. Ltd are strong players in their respective fields and this relationship will manifest into win-win situation for all including the farmers," said head- rural and agri banking and CSR Bank of Baroda, G.B. Bhuyan.
Adding to this, G.B. Bhuyan said that this relationship with Finolex Plasson Industries Pvt. Ltd will immensely benefit the farmers in enhancing their productivity, reducing utilization of water and maintaining fertility of soil.