Edible oil firm Ruchi Soya Industries in association with State Bank of India (SBI) launched an initiative to provide banking assistance to farmers.
Under the initiative ‘Kisan Kalyan Ayojan’, the company will help farmers to open bank accounts, procure the produce directly from farmers at the right price and ensure farmers get their payment immediately through internet banking.
To start off, banking assistance will be provided to soybean farmers in Indore, Samwer, Manglia and Ujjain mandis in Madhya Pradesh.The company will further plans to expand this initiative across the country in states like Maharashtra, Rajasthan, Andhra Pradesh and Gujarat.
So let’s discuss some questions related to this post:
Q1. Name of the industry recently launched an initiative to provide banking assistance to farmers in association with SBI?
Ans1. Ruchi Soya Industries