The State Bank of Travancore has entered into an agreement with the Coconut Development Board (CDB) to offer ‘Kalpakashree’ debit cards to farmers who are members of coconut producers’ societies affiliated to the board.
The card will be launched at a function at Flora Airport Hotel, Nedumbassery, on April 18 at 3.30 p.m. Jeevan Das Narayan, Managing Director, SBT, and T.K. Jose, Chairman, CDB, will jointly launch the card. Sixty-five coconut farmers have been selected from five Coconut Producer Federations in Ernakulam for receiving the card.
Around seven lakh farmers registered under the Farmer Producer Organisations can avail themselves of the benefits of the card. ‘Kalpakashree’ debit card can be used for cash withdrawal from ATMs as well as Point of Sale or e-commerce transactions. The card holders would be eligible for need-based agriculture loans, the press release said.
