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Godrej Agrovet's Oil Palm Business is launching first-of-its-kind finance offering for oil palm farmers in partnership the State Bank of India (SBI).
A product jointly developed by the Company and country's leading public sector bank will enable farmers avail loan for setting up micro irrigation
facility, set up fencing arrangement to protect from cattle grazing and improvement of tube well at their oil palm farms.
Introduced with an objective of aiding oil palm growth by improving Fresh Fruit Bunches (FFB) productivity, it will act as a catalyst to maintain juvenile gardens during the gestation period of first 5 years.
Launched initially for the oil palm farmers of Telangana state, Godrej Agrovet farmers from the states of Tamil Nadu, Odisha, Assam, Manipur and Tripura can now easily avail loan with the ticket-size of
Rs. 1 lakh to Rs. 50 crore.
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