Chandigarh, 21 July 2016: Bank of Baroda one of the leading Public Sector Bank with rich expertise in Banking for about 108 years and spread across 25 countries globally is signing a hallmark MOU with PSG College of Arts and Science, one of the leading educational institutions in Tamil Nadu under the PSG Son’s Charities on 19th of July 2016.
The overall objectives of this MoU are to increase productivity of farmers, efficient management of the natural resources and its better realization in farm, value addition to food and food products, use of technology for horticulture and floriculture through research in niche areas of Agriculture and Agro product development with an ultimate aim of improving the reach of technologies to the farmers at an affordable cost and benefit. The areas of research would focus on organic farming, Contract farming, micro irrigation, Green house cultivation, Food Processing technology, allied activities & improved cold storage and logistics solution. The MoU is signed by Shri G.B Bhuyan, General Manager (Rural & Agri Banking), Bank of Baroda and Dr R Rajendran, Principal, PSGCAS on behalf of the Management of PSG Institutions. Further PSG CAS - Bank of Baroda innovation research lab would be established to develop entrepreneurship amongst students of PSG CAS and which would involve funding of commercial ventures by bank.