State Bank of India (SBI) has inked a memorandum of understanding (MoU) with Warehousing Development Regulatory Authority (WDRA) to help farmers in getting low interest rate loans.
The MoU was signed with the intent of promoting awareness about the new loan product called 'Produce Marketing Loan' to exclusively fund against e-NWRs (electronic Negotiable Warehouse Receipt) with features such as nil processing fee, no additional collateral and attractive interest rates. Combined with the inherent security and negotiability of the e-NWR system, the 'Produce Marketing Loan' will go long way in improving rural liquidity and increasing farmers income.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
Company Name | CMP |
---|---|
SBI | 801.40 |
Bank Of Baroda | 268.15 |
PNB | 136.45 |
Canara Bank | 617.55 |
Union Bank Of India | 150.85 |
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