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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1017.15
-60.40 (-5.61%) SBI to organise mega farmers’ meet on June 8
Date: 07-06-2017Ahead of the kharif season, country's largest lender State Bank of India (SBI) will meet nearly 10 lakh farmers to understand their credit need and provide finance. The meeting will be organised at the bank’s 15,500 rural and semi-urban branches across the country on June 8.
During the meet, branches will receive applications for fresh loans as well as for renewal or enhancement of existing loan.
For crop loans up to Rs 3 lakh, the effective interest rate is only 4 per cent per annum if the repayment is made on time.