Bank of Maharashtra has entered into Memorandum of Understanding (MoU) with Nagarjuna Fertilisers and Chemicals (NFCL) to provide irrigation systems to farmers across the country. As per the MoU, NFCL’s micro-irrigation division will provide drip and sprinkler irrigation while the bank will extend loans to farmers to cover the cost. This new partnership will help farmers grow more crops under micro-irrigation with minimum use of water.
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