Indian Bank has launched three emergency credit facilities for the agriculture sector which has been affected by the nationwide lockdown on account of Covid-19. The lender is providing funding to agri-processing units, which can avail loans up to 10 percent of their working capital limit.
Borrowers in the poultry segment can avail loans to a maximum of 20 percent of their working capital limit and farmers cultivating crops / rearing animals and having KCC facility can avail 10 percent of the limit as soft loan. These loans will be given for a period of six months.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
