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    Question

    Which of the following bank has sanctions 150 agri drone

    loans for Garuda Kisan Drones under Agriculture Infrastructure Fund?
    A Union Bank of India Correct Answer Incorrect Answer
    B UCO Bank Correct Answer Incorrect Answer
    C Central Bank of India Correct Answer Incorrect Answer
    D State Bank of India Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Drone startup Garuda Aerospace has partnered with the Union Bank of India. Under this partnership, 150 Garuda Kisan Drones have received sanction for drone loans under the Agriculture Infrastructure Fund (AIF). The drone loans will help farmers to digitise land record operations for crop production, and spraying of fertilisers, chemicals, growth promotors and pesticides with the help of drones. The partnership will be useful for lead generation, customer acquisition, sourcing of applications, and due diligence of customers for credit deployment. Union Bank of India                      Headquarters: Mumbai                               CEO: A. Manimekhalai

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