SRINAGAR, April 8 -- In a move aimed at promoting mechanization in agriculture and providing accessible financing to farmers across the country, J&K Bank today signed a Memorandum of Understanding (MoU) with Escorts Kubota (P) Ltd. (EKL) - a leading manufacturer and supplier of agricultural machinery, including hydraulic mobile cranes, earth-moving equipment, farm tractors and engines.

Deputy General Manager (Agri/MSME) Rakesh Magotra signed the MoU on behalf of J&K Bank during a brief ceremony at the Bank's corporate headquarters, while General Manager Kamlesh Yadav represented Escorts Kubota Ltd. at the event that was also attended by all J&K-based dealers of EKL. By virtue of the MoU, the Bank will be one of the preferred financiers (...