Krishna Bhima Samruddhi Local Area Bank

“Attractive rate of interest up to 10.5% pa on term deposit of 1-3 years. For more details please contact at info@kbsbankindia.com“

The bank facilitates these services by linking the customers to the BKSL

Agriculture and Business Development Services aim to strengthen the livelihoods of the rural poor and women by identifying the sub sectors on which a significant number of people are engaged and institutionalize the services to work on the gaps identified. The services aim to help enhance the earnings of the farmer/customer from the activities undertaken by them. The guiding principle for the Ag/BDS is quality service to the customer, which would transform in to a meaningful increment in their livelihoods.

Components of Ag/BIDS:

Productivity enhancement through increase in yields or reduction in costs
Risk Mitigation (other than insurance)
Local Value Addition
Alternate Market linkages - Input supply, output sales
Diversification from farm to allied and non-farm activity
Organizing and supporting the producer groups/farmer clubs to establish sustainable institutional linkages for better impact of livelihood promotion services.

At the moment BKSLis providing Ag/BIDS in 820 villages (54% of the total villages served by the Bank) with the following sectors.

Dairy
Sheep & Goat
Crop

Collaborative works:

The BKSL, has taken up different initiatives and corporate collaborations.

The following are a few of them;

Linking Dairy Farmers to Reliance Bulk Milk Cooling Centres (BMCC):

Working with small and marginal milk producers to link their milk produce with Reliance Dairy Foods Ltd, which has set up Bulk Milk cooling Centres in selective villages in Mahabubnagar District of Andhra Pradesh, where the total capacity of these BMCCs is 9000 liters procurement per day.
Providing Ag/BIDS & Livestock insurance services to Dairy farmers and promoting Producer Groups in these villages. Reliance is procuring the milk at competitive prices from the dairy farmers through its village level pooling points.
This further strengthens the existing milk value chain with win-win situation to all the stakeholders.

Promoting Artificial Insemination (AI) Services with BAIF support:

To improve the local cattle breed over a period of time, has established 2 Livestock Development Centers (Samruddhi Livestock Development Centres) in Mahabubnagar District.
Bhartiya Agro Industries Foundation (BAIF) is providing the inputs support such as supply of quality semen, Liquid Nitrogen and AI trained technicians etc.