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State Bank of India improving credit lines for farmers

Lender expects good financial demand as monsoon planting begins

State Bank of India officials are meeting farmers directly to advise them on the reasonably priced banking services available. (Photo by Kiran Sharma)

NEW DELHI -- In Asawta, a village in the northern state of Haryana, about 100 farmers showed up one evening in early June to listen intently to what some State Bank of India (SBI) officials had to tell them about various agricultural credit schemes.

The encounter was organized by SBI's agriculture development branch in Haryana's Palwal district, some 65 km south of the Indian capital, and is part of the government bank's initiative to reach out to the agricultural community ahead of July's rice-sowing season by offering fresh loans and renewing old ones.

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