Categories: Banking

SBI to launch new loan scheme SAFAL for organic cotton growers

State Bank of India is planning to launch a loan product named “SAFAL” for organic cotton growers. The product Safe and Fast Agriculture Loan (SAFAL) is primarily focussed on organic cotton growers who don’t have any credit history. SBI will use Artificial Intelligence (AI) and Machine Learning (ML) for this purpose.

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Important takeaways for all competitive exams:

Chairman of SBI: Rajnish Kumar.
SBI Headquarters: Mumbai, Maharashtra.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.