Tobacco fields at Tanguturu in Prakasam district on Tuesday, February 17, 2026
| Photo Credit:
KOMMURI SRINIVAS
Karnataka Bank has entered into a partnership with the Tobacco Board to provide customised financial solutions to registered tobacco growers across Karnataka.
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.
Quoting Raghavendra S Bhat, Managing Director and CEO of Karnataka Bank, a media statement 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.”
Enhancing financial access
Srinivasa BC, Director of Auctions, Tobacco Board, 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, the statement added.
Published on June 2, 2026
