India’s largest lender State Bank of India (SBI) on Friday entered into a national level
tie-up with EPC Industrie, a part of the nearly USD 1600 crore Mahindra group and engaged in manufacturing and selling of micro-irrigation systems, crop management
services and agriculture pumps.
India’s largest lender State Bank of India (SBI) on Friday tied up with EPC Industry, a part
of the nearly USD 1600 crore Mahindra group and engaged in manufacturing and selling of micro-irrigation systems, crop management services and agriculture pumps.
“The tie-up will help farmers increase their acreage under irrigation by minimum use of
available water resource. This will, in turn, increase their productivity and profitability,” the
bank said in a release.
EPC will assist the Bank in identifying eligible farmers with a requirement for micro irrigation systems, crop management services, agriculture pumps, etc. It is expected that a large number of farmers will be financed through this tie-up in the coming months as use of water-saving methods like drip and sprinkler irrigation method, is being encouraged by various state governments
Source: http://www.moneycontrol.com/news/business/sbi-ties-upmahindra-groupcompany_825383.html