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.
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