IndusInd Bank has entered into a co-lending agreement with Samunnati to expand credit accessibility and market linkages for farmer producer organizations (FPOs) across the country. This strategic alliance will enable easy access to working capital to Samunnati's growing network of 1,500 farmer collectives with a member base of 6 million farmers.
The bank is among the first scheduled commercial banks to participate in such a co-lending programme aimed at mainstreaming FPOs as an asset class. This collaboration is in line with the bank's strategy to bring efficient and inclusive lending solutions. While enabling timely credit to FPOs, the bank shall work together to help facilitate market linkages to FPOs.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
