State Bank of India (SBI), country’s largest public sector lender has entered into a memorandum of understanding (MoU) with Jain Farm Fresh Foods, a subsidiary of Jain Irrigation Systems to help farmers associated with the latter to get finance against receivables due from the company. Under this MoU, the bank will use the company’s ecosystem data to digitally enable lending solutions to customers. Farmers’ past performance data with the associated anchor company will be used to assess eligibility and enable loan sanction.
State Bank of India offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.
