The PNT Market has been developed by PNN to facilitate farmers and wholesalers across the state of Karnataka by providing Marketing, Logistics and Agro advisory support in a transparent way. This has resulted in the reduction of post harvest losses, higher farmers’ share of the consumer spend and increasing farmers’ income.
We have received notice from ICICI Bank of the termination of the lease agreement in respect of commercial premises at PNT Market. (Scanned copy attached).
We would also like to inform you that when PNT Market was started the premises were given to ICICI bank in spite of it being a private bank with the sole objective that the bank would provide faster and better services to the farmers, buyers, transporters and traders and the bank’s commitment was confirmed at the time of the inaugural of opening the branch by an Executive Director of ICICI Bank who came specially from the Bank’s H.Q. and gave the bank’s commitment for PNT and the farmers' cause. In view of this fact the premises were leased to the bank without any exit clause.
It is important that the bank branch should continue in our premises for the following reasons:
- 90% of PNT Market transactions are through this bank branch only and moving will aggravate the delay of payments to the farmers and others associated with PNT Market.
- An IT industry is coming next to our office, so that branch may extend the services and its business will grow.
- Farmers from the nearby area who are making use of the services of this branch may approach Government seeking political intervention.
Now, we ask you to issue suitable representations to the ICICI Bank, PNT Market Branch, to continue their operations in PNT Market premises for the interest of farmers & others associated with PNT Market.
Read this carefully to note every change.
Student or Learner