SBI ties up with SLCM for post-harvest credit, storage
Quotes

SBI ties up with SLCM for post-harvest credit, storage

Last Updated: Friday, November 23, 2012, 16:15
 
 Comment 0
 
SBI ties up with SLCM for post-harvest credit, storage
Mumbai: State Bank of India on Fridday entered into a tie-up with Sohan Lal Commodity Management (SLCM) to provide post-harvest credit and storage services to farmers.

The bank, which has an agri-portfolio of over Rs 1,00,000 crore, is targeting to do business of over Rs 150 crore through the tie-up within the first year, it said in a release issued here.

The tie-up for warehousing receipt financing and collateral management services will help farmers get affordable post-harvest credit, offer scientific storage facilities and fair price discovery of their produce, it added.

"SBI will provide post-harvest credit facilities while SLCM will offer comprehensive warehouse management and other value-added services to farmers, processors, corporates and exchanges," it said.

The bank has a network of over 9,426 rural and semi-urban branches, 19 agri commercial and 428 agricultural development branches, while SLCM is present across 100 locations in 20 states, dealing in 32 different agricultural commodities.

PTI




First Published: Friday, November 23, 2012, 16:12


Comments


comments powered by Disqus
Top 10 Fastest-Emerging Cities
Top 10 Fastest-Emerging Cities
New York Auto Show 2014
New York Auto Show 2014
Top Businesswomen in India
Top Businesswomen in India
World`s top ten billionaires 2014
World`s top ten billionaires 2014
2014 Geneva International Motor Show
2014 Geneva International Motor Show

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved