Bank of Baroda introduces various initiatives to boost tractor financing  

    The Bank of Baroda has announced three new initiatives towards improving credit penetration in farm mechanisation. The initiatives are focused on providing better financial service to farmers and empowering them towards farm mechanisation, the bank said in a statement.  Executive Director Vik...Read more

SBI to launch 'SAFAL' loan for organic cotton farmers

State Bank of India is planning to launch a loan product, SAFAL, primarily focused on organic cotton growers who don't have any credit history, said a top official of the country's largest lender.  The bank is using Artificial Intelligence (AI) and Machine Learning (ML) in a big way for generating business, ...Read more

ICICI Bank to use innovative technology to assess credit worthiness of farmers

Private sector lender ICICI Bank will use satellite data—imagery from Earth observation satellites—to assess credit worthiness of its customers belonging to the farm sector.  “This use of innovative technology helps farmers with existing credit to enhance their eligibility, while new-to-cre...Read more

Maharashtra Govt approves ADB funded project for development of agriculture  

    The Maharashtra government has approved a project that will boost fruit and vegetable production in the state. The project will be funded by the Manila-based Asian Development Bank (ADB). The project is estimated to be worth Rs. 1000 crore out of which 700 crores will be provided by the ADB and the...Read more

Centre constitutes pan India 'Agri- Infrastructure Fund'

A new pan India Central Sector Scheme-Agriculture Infrastructure Fund has been approved by the Union Cabinet chaired by PM Narendra Modi, to provide a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interes...Read more

Indian Bank launches new products to support farmers, poultry players  

The Indian Bank has launched three new products to support farmers, poultry players and the workforce in the informal sector during the current crisis triggered by the outbreak of dreaded Covid-19 virus. Under the IND Covid Emergency Agro-Processing Loan, agro-processing units can avail 10 per cent of the working...Read more