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 Money & Banking - Public Sector Banks
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UBI funding for herbal plants

Our Bureau

HYDERABAD: Union Bank of India has signed an MoU for financing medicinal and herbal plants with Keva Biotech Pvt. Ltd.

As per the MoU, UBI will finance farmers/agriculturists, who will be purchasing planting material and other inputs from Keva Biotech. The company in turn will have buy-back arrangements of the harvested crop.

The sale proceeds would then be deposited with the lending branch concerned towards repayment of the finance.

More Stories on : Public Sector Banks | Farm credit | Alternative Medicines

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