State Bank of India (SBI) has entered into an agreement with the Andhra Pradesh Food Processing Society (APFPS) to upgrade and support the establishment of at least 7,500 micro food processing units in the state. This agreement will be executed in the ongoing 2023-24 fiscal under the Prime Minister Formalisation of Micro Food Processing Enterprises (PMFME) scheme.
As part of this deal, SBI will offer collateral-free loans of up to Rs 10 lakh to eligible beneficiaries, following the guidelines of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) under the Agri Infrastructure Fund.
State Bank of India 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 | 821.30 |
Bank Of Baroda | 262.50 |
PNB | 126.15 |
Canara Bank | 114.50 |
Union Bank Of India | 141.15 |
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