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UCO Bank inks agreement to finance green houses projects

25 Jul 2014 Evaluate

UCO Bank has inked an agreement with Punjab Agro Industries Corporation (PAIC) to finance green houses projects in the state. The bank will work closely and provide requisite finance to farmers through 182 branches present in the state.

Besides, this initiative will facilitate financing for green houses projects and will provide fillip to crop diversification in the state.

Green House projects costs Rs 35-40 lakh per acre and banks are generally hesitant in financing such high value farming operations.

Peers
Company Name CMP
State Bank Of India 941.00
PNB 116.00
Bank Of Baroda 235.00
Canara Bank 118.10
Union Bank Of India 171.45
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