AU Small Finance Bank signs pact with NABARD to boost rural development projects in Rajasthan

Jaipur Sep 29 PTI Private sector AU Small Finance Bank on Wednesday signed a pact with the National Bank for Rural and Development NABARD to boost ongoing rural development initiatives in Rajasthan According to a statement issued by the bank here the Memorandum of Understanding MoU was signed in the presence of NABARD Chairman G R Chintala Jaideep Srivastava Chief General Manager Rajasthan and Sanjay Agarwal Managing Director AU Small Finance Bank The memorandum envisages a joint initiative to benefit farmers Farmer Producer Organisations FPOs Self Help Groups SHGs rural artisans agri-entrepreneurs and agri-startups in the state This MoU between NABARD and AU Bank will provide institutional credit support to the ongoing development schemes in the state which will lead to further prosperity in the rural areas This tie-up will give a boost to the process of lending in the state especially in areas related to agriculture and rural development Agarwal said PTI AG ABM ABM

nyoooz

September 30, 2021

National

1 min

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Jaipur Sep 29 PTI Private sector AU Small Finance Bank on Wednesday signed a pact with the National Bank for Rural and Development NABARD to boost ongoing rural development initiatives in Rajasthan According to a statement issued by the bank here the Memorandum of Understanding MoU was signed in the presence of NABARD Chairman G R Chintala Jaideep Srivastava Chief General Manager Rajasthan and Sanjay Agarwal Managing Director AU Small Finance Bank The memorandum envisages a joint initiative to benefit farmers Farmer Producer Organisations FPOs Self Help Groups SHGs rural artisans agri-entrepreneurs and agri-startups in the state This MoU between NABARD and AU Bank will provide institutional credit support to the ongoing development schemes in the state which will lead to further prosperity in the rural areas This tie-up will give a boost to the process of lending in the state especially in areas related to agriculture and rural development Agarwal said PTI AG ABM ABM

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