Kwality, India’s largest private dairy company has signed a Memorandum of Understanding (MoU) with Bank of Baroda, second largest bank in India having presence in 25 countries, to disburse Rs 4,000 crore of loans to its one lakh farmers in initial phase out of its established network comprising of 325,000 farmer families across 4,500 villages in UP, Haryana, and Rajasthan which are amongst the largest milk producing states of India. The company is committed to cover the remaining farmers in subsequent phases over a period of time.
The funds would be available at preferential rate and shall be utilized primarily towards purchasing of milching animals, smart phone, and two wheelers. The scheme is aimed to provide financial assistance to improve socio-economic lives of farmers and steer them towards digitization.
Kwality is amongst largest and fastest growing private dairy companies in India today with milk processing capacity of 3.4 Mn Litres /Day through its six state of-the-art plants strategically located close to key north markets.
