- Bengaluru based Ujjivan Small Finance Bank (SFB) has launched Ujjivan Bank Kisan Suvidha loan for small and marginal farmers.
- It is the first bank in this category to offer collateral free loans service. The product will be custom made to fit requirements of small and marginal farmers.
- It will offer collateral free loans to individuals with amount ranging from Rs 60, 000 – Rs 2 lakhs.
- Farmers can take the loan for both agriculture and allied activities such as dairy purchase and maintenance, post-harvest transportation, farm implements purchase, fishery, sheep rearing, among others
- The bank has launched the product across four states namely, Tamil Nadu, West Bengal, Karnataka and Odisha.
