Question
Which of the following bank has sanctions 150 agri drone
loans for Garuda Kisan Drones under Agriculture Infrastructure Fund?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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