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State Bank of India Signs MoU with NDKSP and SFAC for FPC Financing

State Bank of India has entered in to an MoU with Nanaji Deshmukh Krushi Sanjivani Prakalp (NDKSP) and Small Farmer Agri Business Consortium (SFAC) for financing the Farmer Producer Companies in Maharashtra State.

NDKSP is a globally assisted scheme related to climate. It is implemented by the Maharashtra Government.

The bank said in its release that the objective of the alliance with NDKSP and SFAC is to promote and strengthen the small-scale farming systems. Apart from this, its aim is to provide small farmer's agricultural business consortium (SFC) organized financing facility at competitive interest rates.

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