Financial Daily from THE HINDU group of publications
Monday, Jan 03, 2005
Financial Daily from THE HINDU group of publications Monday, Jan 03, 2005 |
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Money & Banking
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Farm credit Indian Bank in pact with TNPL Our Correspondent
Madurai , Jan. 2 INDIAN Bank has tied-up with Tamil Nadu Newsprint and Papers Ltd (TNPL) for financing farmers taking up farm forestry project with the sponsorship of TNPL. For 2004-05, TNPL is implementing a plan to develop 2,500 acres of eucalyptus and casurina plantations. Under the tie-up, Indian Bank will be extending finance to around 400 farmers. During the current financial year, 260 farmers will be given around Rs 1.26 crore. Recently, the Assistant General Manager and Circle Head of the bank, Mr N.T. Srinivasan, distributed loans amounting Rs 22 lakh to 57 farmers at a function held at Manapparai, near here, the sources said.
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