Mumbai, Oct 31: To give a boost to the rural financing programme, Canara Bank today signed a memorandum of understanding with National Bank for Agriculture and Rural Development (Nabard) for co-financing the agricultural sector. Under the agreement, the two will jointly entertain loan proposals for term loans as well as working capital, Canara Bank said in a release here.
The MoU was signed by Canara Bank general manager (priority credit) R Prabha and Nabard chief general manager Ganapati Rao. Bureau Report