Private sector bank Jammu & Kashmir Bank has tied up with National Collateral management services (NCML). Through this bank will offer the financial assistance to the farmers and traders at every stage of their process beginning from the pre harvesting up to the end i.e. marketing.
This partnership will help the bank to spread out its network across the state and will also help to build the network across the wide network of NCML warehouses in various States. NMCL is a national level institution which is being supported by several other reputed banks of the country like Canara Bank, State bank of Patiala, HDFC bank, karur Vysya bank, Yes Bank etc.
This initiative is beneficial for both NCML and bank both. Through their partnership the farmers will get assistance in their work.