Question
Which bank has partnered with Gujarat Cooperative Milk
Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme?Solution
Punjab National Bank (PNB) has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme. The bank will be financing Amul's retailers, wholesale dealers/area milk distributors and exclusive Amul preferred outlets-milk parlours.Other services will include integrating various digital channels like QR codes, POS (point of sale), UPI (Unified Payment Interface), etc., supply chain finance and EMI collection digitally, and providing working capital limits, among others.
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