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State Bank of India signs MoU with NABARD: Report

State Bank of India (SBI) and National Bank for Agriculture and Rural Development (NABARD) have reportedly joined hands, by signing a Memorandum of Understanding (MoU) for formation and credit linkage of 13,00 joint liability groups (JLGs) across Tamilnadu.

The groups will be purveying credit in the rural areas that would benefit around 13,000 small/marginal and landless farmers to the tune of around Rs 650 lakh.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

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