Indian Bank launches new products to support farmers, poultry players

Indian Bank launches new products to support farmers, poultry playersUnder the Indian COVID Emergency Agro-Processing Loan, agro-processing units will avail 10 % of the capital limit. The Indian Bank has launched 3 new merchandise to support farmers, poultry players, and also the workforce within the informal sector throughout this crisis triggered by the irruption of the terrible COVID-19 virus.

Within the poultry sector will avail 20 % of the capital limit under the IND COVID Emergency Poultry Loan credit card. Similarly, under the IND KCC COVID Sahaya Loan, farmers cultivating crops and rearing animals and having Kissan credit card facility will avail 10 % of the limit as a soft loan. The loans are repayable in simple installments with six months moratorium amount

Besides, beneath a special credit package “SHG COVID Sahaya Loan”, ladies members of Self facilitate teams will avail loan @₹5,000 each. so an SHG with twenty members will avail a loan up to ₹1,00,000 as a soft loan owed in simple installments.

Within the poultry sector, the trade is suffering from fake news unfold among the common public regarding their products. whereas the food and agro-processing companies’ have witnessed a decline in income, farmers face a financial condition as they need difficulties in acting on their land and whereas accessing markets to sell their merchandise or get essential inputs.

COVID-19 has affected farmers and also the workforce within the informal sector as well.

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