Country's third largest private sector lender, Axis bank in association with the National Bank for Agriculture and Rural Development (Nabard) has formed Farmers' Club across 12 States to develop rural areas through technology transfer and more.
Under this club, 106 farmers were promoted through 16 agri business centres of Axis Bank since last one year, Axis Bank said in a statement.
Farmers' Club is a grass-root level informal association which will comprise of 10-15 farmers of the same or nearby villages promoted by rural/semi-urban branches.
Mr. M.V. Subramanian, President-Rural and Inclusive Banking, Axis Bank, said, "One major benefit has been quality agriculture business generation through these clubs. We are confident of timely repayment of these loans, owing to the increase in farm productivity to be achieved through concerted efforts with scientific cultivation practices."
The club has been formed to bridge the gap between rural customers and banks. The Club has undertaken activities ranging from base-level orientation training programme, capacity building exercise and ‘meet the expert' programme that will encourage the culture of better credit usage.
Along with regular training and nurturing of clubs by Nabard there will be regular interaction with various stakeholders like state government departments, input agencies build the required confidence and the knowledge-level of members.
Trained members are encouraged to pass on the technologies they have learnt to their fellow farmers in the villages and thus this will make the Farmers Club a tool for overall development of village.
Farmers Clubs are formed in 12 States of Tamil Nadu, Chhattisgarh, Karnataka, Andhra Pradesh, West Bengal, Madhya Pradesh, Maharashtra, Rajasthan, Utharakand, Kerala, Punjab and Gujarat.