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Bank of Baroda inks MoU with Small Farmers Agribusiness Consortium

05 Jun 2017 Evaluate

Bank of Baroda (BoB) has entered into a Memorandum of Understanding (MoU) with Small Farmers Agribusiness Consortium (SFAC). Under this MoU, the Bank will play an active role in providing collateral free loans to Farmers Producer Companies (FPC) for which credit guarantee cover up to 85 percent of the loan amount maximum up to Rs 1 crore will be made available by SFAC.

SFAC is an autonomous society promoted by Ministry of Agriculture, Cooperation and Farmers’ welfare. This society has also been entrusted with the task of implementation of critically important National Agriculture Market Scheme on e-platform to progressively free agricultural trade and offer price discovery to farmers.

BoB is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Peers
Company Name CMP
State Bank Of India 950.10
PNB 113.95
Bank Of Baroda 235.00
Canara Bank 119.00
Union Bank Of India 173.10
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