Join ExamsbookAnswer : 3. "State Bank Of India"
Which public sector bank has tied up with Tirumala Milk Products for providing loans to dairy farmers ?5
Q: Which public sector bank has tied up with Tirumala Milk Products for providing loans to dairy farmers ?
- 1Axis Bankfalse
- 2ICICI Bankfalse
- 3State Bank Of Indiatrue
- 4HDFC Bankfalse
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Answer : 3. "State Bank Of India"
Explanation :
Answer: C) State Bank Of India Explanation: The State Bank of India (SBI) has tied-up with Tirumala Milk Products to provide loans to dairy farmers who supply milk to the latter. As per the scheme for financing dairy units, SBI offers loans for construction of shed, and purchase of milch animals, milking machine, and chaff cutter. Apart from this, the bank also provides loans to dairy societies for modernisation and creation of infrastructure such as purchase of automatic milk collection system, purchase of transport vehicles and bulk chilling unit. The Tirumala Milk Products is a South- based company, which was acquired by France-based Groupe Lactalis in 2014.