State Bank of India and National Bank for Agriculture and Rural Development have joined hands to provide collateral-free credit through Joint Liability Groups inTelangana. The two signed an MoU, along with seven NGOs from Nizamabad, Medak and Warangal districts, for the promotion and credit linkage of 2,000 JLGs during the current year.
The agreement was signed by Swaminathan J, CGM, SBI, and P Radhakrishnan, CGM, Nabard.