PSU NEWS
SBI IOC link up to empower farmers
Mumbai: State Bank Of India (SBI) and Indian Oil Corporation (IOC) have tied up to implement the bank`s financial inclusion programme for farmers through the oil company`s Kisan Seva Kendras, an official said here on Monday.
Under the agreement, SBI will provide access to banking services for the farmers utilising the IOC`s kiosks and also supplement their incomes by earning revenue on banking transactions. The IOC has set up around 6,500 KSKs in rural and remote areas which provide various agricultural services like diesel, seeds, fertilisers, pesticides and the like to the farming community.
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