SBI to launch loan product ‘SAFAL’ for organic cotton growers
- SBI managing director C S Setty has announced that State Bank of India will launch a loan product, SAFAL, for organic cotton growers who don’t have any credit history.
- It stands for Safe and Fast Agriculture Loan (SAFAL). SBI will use Artificial Intelligence (AI) and Machine Learning (ML) for this purpose.
Points to remember:
- which bank will launch SAFAL loan product for cotton growers?
Source: economic times