Media Release
Mangaluru, Jun 2: Karnataka Bank has entered into a strategic partnership with the Tobacco Board, Government of India, to provide customised financial solutions to registered tobacco growers across Karnataka on May 29.
Under this initiative, Karnataka Bank will offer a dedicated suite of banking and credit facilities designed specifically to meet the financial requirements of tobacco farmers registered with the Tobacco Board. The initiative aims to facilitate timely access to credit, promote financial inclusion, and support the sustainable growth of the tobacco farming community.
The partnership was formally launched by Raghavendra S Bhat, managing director & CEO, Karnataka Bank, in the presence of Srinivasa B C, director of Auctions, Tobacco Board, Government of India, highlighting the importance of institutional collaboration in strengthening the agricultural ecosystem.
The event was also attended by the top management and senior officials of Karnataka Bank, along with officials of the Tobacco Board, reflecting the shared commitment of both institutions towards supporting the farming community.
Speaking on the occasion, Raghavendra S Bhat said: "At Karnataka Bank, we remain committed to empowering the farming community through innovative and need-based financial solutions. Our partnership with the Tobacco Board will help registered tobacco growers gain easier access to banking services and timely credit support, enabling them to improve productivity and strengthen their livelihoods."
Srinivasa BC, director of Auctions, Tobacco Board, Government of India, said: "This collaboration marks an important step towards enhancing financial access for registered tobacco growers. By combining institutional support with tailored banking solutions, we can help farmers meet their financial needs more effectively and contribute to the overall development of the sector."
Karnataka Bank continues to strengthen its presence in the agricultural sector through focused initiatives and strategic partnerships that support farmers, promote financial inclusion, and contribute to inclusive rural development.