14.00 (1.36%) State Bank of India (SBI) has entered into partnership with Godrej Agrovet's Oil Palm Business to offer loans to oil palm farmers for setting up micro irrigation facility and install fencing to protect crops from cattle and improvement of tube well at their oil palm farms.
Introduced with an objective of aiding oil palm growth by improving Fresh Fruit Bunches (FFB) productivity, it will act as a catalyst to maintain juvenile gardens during the gestation period of the first 5 years. The partnership with SBI is a testament of the company's efforts to improve farmer's confidence in sustainable oil palm farming.
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.