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Rs 134 Crore Agri-Loans Approved To Tamil Nadu Farmers By Bank Of Baroda

by TLAteam December 3, 2022December 3, 2022
written by TLAteam December 3, 2022December 3, 2022
Rs 134 Crore Agri-Loans Approved To Tamil Nadu Farmers By Bank Of Baroda

During a recent 15-day farmer outreach programme in Tamil Nadu, the public sector Bank of Baroda sanctioned over Rs 100 crore in agricultural loans.

Business News

Between November 15 and 30, 161 semi-urban and rural branches of the bank participated in the fifth edition of ‘Baroda Kisan Pakhwada.’ More than 20,000 farmers in Tamil Nadu have received farm loans totaling Rs 134 crore, according to a statement issued by the bank on Saturday.

The ‘Baroda Kisan Pakhwada’ was created to assist the bank in increasing its engagement with the farming community and raising awareness about various agricultural products and schemes offered by the bank.

“We at Bank of Baroda are pleased to be reaching out to the farming community on a larger scale and provide them with details and financial assistance and make them familiar with various types of agri-loans, banking services and various agricultural initiatives launched by the government,” Bank of Baroda general manager and zonal head (Chennai) A Saravanakumar said.

Bank of Baroda has 314 branches in the state, with 161 of them located in rural areas. According to the bank, advances in the agricultural sector in Tamil Nadu stood at Rs 7,800 crore as of September 30, 2022.

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