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Indian Bank launches emergency credit facilities for agriculture sector

03 Apr 2020 Evaluate

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.

Indian Bank Share Price

938.95 -1.75 (-0.19%)
17-Apr-2026 16:59 View Price Chart
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