SBI signs MoU with Pondicherry Cooperative Milk Producers Association

SBI signs MoU with Pondicherry Cooperative Milk Producers Association

NS State Bank Of India (SBI) has signed an MoU with Pondicherry Co-op. Milk Producers Union Limited (Ponlite) To finance individual dairy farmers up to 3 lakh Rs. The loan will be made available through SBI Bank’s YONO application. SBI has introduced a technology product, namely: ‘Safal – Simple and Fast Agriculture Loan’ To finance individual dairy farmers who are regularly supplying milk to commercial dairies.

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About the agreement:

Nearby 3,500 dairy farmers milk supply to 98 primary milk The society of PONLAIT will be benefited by this arrangement. This was the first MoU signed in the Chennai circle of the bank, which plans to enter into such agreements with commercial dairies across the country to finance farmers supplying milk to dairies. The existing system of promoting milk production with the help of bank credit will help the administration of the Union Territory to meet the daily requirement of milk.

Important facts for all competitive exams:

  • SBI Chairman: Dinesh Kumar Khara.
  • SBI Headquarters: Mumbai.
  • Establishment of SBI: 1 July 1955.

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SBI signs a MoU with Pondicherry Co-op Milk Producers Union Limited_60.1

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