Question
State Bank of India has inked a memorandum of understanding (MO
- U with the ________ Cooperative Milk Producers Union to provide loan to individual dairy farmers there.
Solution
State Bank of India has inked a memorandum of understanding (MOU) with the Puducherry Cooperative Milk Producers Union (PONLAIT) to provide loan to individual dairy farmers there. The loan would be given under SAFAL (simple and fast agriculture loan) scheme of the bank. The amount of loan is up to a limit of Rs 3 lakh.
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