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SBI signed MoU with PONLAIT

Published on November 24, 2021
Current Context: The State Bank of India signed MoU with Puducherry Cooperative Milk Producers Union (PONLAIT).
SBI signed MoU with PONLAIT
  • The MoU was signed to offer loan support to individual dairy farmers.
  • The loan will be disbursed under the SAFAL (simple and fast agriculture loan) scheme of SBI.
  • The loans upto Rs 3 lakhs will be given to the dairy farmers.
  • The Chennai circle of SBI which is comprised of Tamil Nadu and Puducherry will disburse the loan under the YONO application.
  • Around 3,500 dairy farmers of PONLAIT will be benefited from the partnership.
  • Static Part: 
    • HQ of CII: New Delhi
    • President of CII: T. V. Narendran

Question: 

Q.1 With which bank has Puducherry Cooperative Milk Producers Union (PONLAIT) signed MoU to offer loans to dairy farmers?
a. Canara Bank
b. Karnataka Bank
c. State Bank of India
d. Union Bank of India
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