SBI, StarAgri tie-up for farmer funding and collateral management

Under the partnership SBI will provide post-harvest credit facilities, while StarAgri will offer warehousing and other value-added services to farmers across India

Mumbai: State Bank of India (SBI) and Star Agri-warehousing & Collateral Management (StarAgri), an agri-services and solutions provider, have entered into a tie-up for warehousing receipt financing and collateral management services, reports PTI.

 

The partnership will deliver post-harvest credit facility to farmers all across India, a company statement said.

 

The two companies aim to reach farmers, joint liability groups and producer companies through SBI's 9,426-plus rural and semi-rural branches and StarAgri's offices spread over all states in India, it said.

 

SBI will provide post-harvest credit facilities, while StarAgri will offer warehousing and other value-added services to farmers. The produce stored in StarAgri's warehouses will act as collateral, it added.

Like this story? Get our top stories by email.

User

Banks: Floating rate deposit scheme launched

IDBI Bank becomes the first bank to launch floating rate deposit scheme

 
State-run IDBI Bank became the first lender to come out with a floating rate deposit product after the Reserve Bank of India (RBI) nudged banks in July to switch to such mode of deposits.  
 
“Our Bank’s FRTD (floating rate interest on retail term deposits) would allow our customers to take advantage of...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
ICICI Bank to hike overseas ATM cash withdrawal fee by 17%

“With effect from 15 September 2012 ATM cash withdrawal fee at international location will be increased from Rs107 to Rs125,” ICICI Bank said in a notification to its customers

 
New Delhi: ATM cash withdrawals at international locations by ICICI Bank customers are set to get dearer by nearly 17% by the middle of this month, reports PTI.
 
“With effect from 15 September 2012...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

online financial advisory
Pathbreakers
Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
online financia advisory
The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
financial magazines online
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
financial magazines in india
MAS: Complete Online Financial Advisory
(Includes Moneylife Online Magazine)