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AU Small Finance Bank & NABARD Jointly boost rural economy developmental initiatives in Rajasthan

by Economy India
September 29, 2021
Reading Time: 2 mins read
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Convergence of ongoing programmes of NABARD with credit facilities of AU Small Finance Bank for rural development. To benefit stakeholders like farmers, artisans, agriculture start-ups etc. in Rajasthan.

Enhance rural prosperity through the convergence of institutional lending

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AU Small Finance Bank today announced that the bank has signed a Memorandum of Understanding (MoU) with National Bank for Agriculture & Rural Development (NABARD) to boost ongoing rural developmental initiatives in the state of Rajasthan.

The MoU envisages joint initiatives for the benefit of farmers, farmer producer organisations, Self Help Groups (SHG), Joint Liability Groups (JLG), rural artisans, agri-preneurs, agri start-ups, etc., in the State.

The MOU was executed by Jaideep Srivastava, Chief General Manager- Rajasthan, NABARD and Sanjay Agarwal, MD and CEO, AU Small Finance Bank in the presence of Dr. G.R.Chintala, Chairman, NABARD.

Focus on agriculture and rural development

On the occasion, Sanjay Agarwal, MD and CEO, AU Small Finance Bank said, “The collaboration between NABARD and AU Bank would enhance rural prosperity through the convergence of institutional lending & ongoing development initiatives. This association would further give impetus to lending in the state especially in areas pertaining to agriculture and rural development.”

Empowering the rural segments

Jaideep Srivastava, Chief General Manager, NABARD, said “The collaboration between NABARD and AU Small Finance Bank is a significant step towards empowering the rural segments with easy access to credit. With signing of this MoU both NABARD and AU Bank will reach greater heights in term of overall development of rural areas in Rajasthan.”

(Economy India)

Tags: AU Small Finance BankAU Small Finance Bank & NABARDDr. G.R.ChintalaNabard in RajashtanNews on Indian EconomyRole of Nabard in Economy of IndiaSanjay AgarwalUpdates on Rajasthan Economy
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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