SBI signs pact with three NBFC MFIs for co-lending to JLGs to undertake agriculture, allied activities
With these partnerships, SBI would be able to further increase its reach in the rural and semi-urban areas of the country offering small ticket loans.
SBI is actively looking at Co-lending opportunities with multiple NBFCs / NBFC-MFIs for financing Farm Mechanisation, Warehouse Receipt Finance, Farmer Producer Organisations (FPOs), etc. Source: Reuters