State Bank of India is planning toward SAFAL a loan for cotton growers
New Delhi: The Managing Director of SBI Shri. C S Shetty speaking in the Fintech conference organized by the FICCI regarding the new launch Programme naming SAFAL which represents the Safe and Fast Agriculture Loan.
The loan is majorly focused on the organic cotton growers apart from the more retail loans the bank is now helping to farmers and those who don’t have any credit history. While giving the statement Mr. Shetty said “We want to go beyond this so-called retail segment and reach out to... like farmers. Today I am not only giving crop loans... We are about to launch a product called Safe and Fast Agriculture Loan (SAFAL). There is a company that brought all the organic cotton growers and created a database on the basis of blockchain.”
The bank currently working on generating business on a high level and give effective services to the customers by using Artificial Intelligence and Machine learning. Therefore, the bank is acquiring currently 40 machine models for fraud management and building the capacity in the banking industry.
The Managing Director of SBI Shri. C S Shetty speaking in the Fintech conference organized by the FICCI regarding the new launch Programme naming SAFAL which represents the Safe and Fast Agriculture Loan.
The loan is majorly focused on the organic cotton growers apart from the more retail loans the bank is now helping to farmers and those who don’t have any credit history. While giving the statement Mr. Shetty said “We want to go beyond this so-called retail segment and reach out to... like farmers. Today I am not only giving crop loans... We are about to launch a product called Safe and Fast Agriculture Loan (SAFAL). There is a company that brought all the organic cotton growers and created a database on the basis of blockchain.”
The bank currently working on generating business on a high level and give effective services to the customers by using Artificial Intelligence and Machine learning. Therefore, the bank is acquiring currently 40 machine models for fraud management and building the capacity in the banking industry.
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