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SBI, Citi join hands to provide social loan facility for country's farmers
Apr-04-2025

The State Bank of India (SBI) has partnered with global banking major Citi for the social loan facility under which India's largest lender will be onlending $295 million, or over Rs 2,500 crore of loans, to the country's farmers. Citi has in the past committed $1 trillion to sustainable finance by 2030. Both SBI and Citi are seeking to unlock positive social impact and propel economic growth through this partnership.

Under the partnership, the money from Citi's trade and working capital solutions vertical will be specifically directed towards smallholder farmers in India, to help improve agricultural productivity and enhance their financial well-being. Meanwhile, SBI will utilise the facility to finance its Kisan Credit Card loan portfolio, to help meet the credit requirements of the agricultural sector, and within this, smallholder farmers. 

State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.


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