January 15, 2021 23:15 (IST)
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Bank of Baroda enters into MOU with EM3 Agri Services Pvt. Ltd
Mumbai, Apr 17 (IBNS): Bank of Baroda, India’s International Bank has entered into MOU with EM3 Agri Services Pvt. Ltd with an objective to provide finance for purchase of farm machinery & farm equipments to farmers, JLGs, SHGs, FPOs and small rural entrepreneurs who will be franchisee of the company and offering various services to farmers. EM3 is offering various farm mechanization services ranging from land preparation, transplantation/sowing to crop harvesting and post-harvest management for small hold farmers on a pay-per-use basis.
G.B.Bhuyan, Head - Rural & Agri Banking and CSR preside the function and exchanged MOU with Rohtash Mal, Founder & Chairman of EM3 Agri Services Pvt. Ltd.
On this occasion G.B.Bhuyan, Head- Rural & Agri Banking and CSR said “We have entered memorandum of understanding with EM3 Agri Services Pvt. Ltd to work jointly and to provide loans to the farmers who will be franchisee of the company for purchase of farm machinery & farm equipments, for crop production & farm mechanization. This relationship of Bank of Baroda, one of the premier banks of our country, with EM3 Agri Services Pvt. Ltd will immensely benefit the farmers in increasing their productivity and earnings.”
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