Latest News | AU Small Finance Bank, NABARD Ink MoU for Development Initiatives in Raj

New Delhi, Sep 29 (PTI) AU Small Finance Bank (SFB) on Wednesday said it has inked an MoU with NABARD for rural development initiatives in Rajasthan.

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The MoU involves joint initiatives by AU SFB and NABARD for benefit of farmers, farmer producer organisations, self help groups (SHG), joint liability groups (JLG), rural artisans, agri-preneurs, agri start-ups among others.

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The collaboration between NABARD and AU Bank would enhance rural prosperity through the convergence of institutional lending and ongoing development initiatives, the bank said. It will give impetus to lending in the state especially in areas pertaining to agriculture and rural development, it added.

Jaipur-based AU Bank began its small finance bank operations in April 2017.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)