Private sector AU Small Finance Bank (SFB) signed a pact with the National Bank for Rural and Development (NABARD) on September 29, 2021 in a bid to boost ongoing rural development initiatives in the state of Rajasthan.

Memorandum of Understanding (MoU) was signed in the presence of Chairman and Managing Director of AU Small Finance Bank.

MoU envisages a joint initiative to benefit farmers, Self Help Groups (SHGs), rural artisans, Farmer Producer Organisations (FPOs), agri-entrepreneurs, and agri-start-ups in Rajasthan

It will provide institutional credit support to ongoing development schemes in Rajasthan, which in turn will lead to further prosperity in the rural areas.

It will also give a boost to the process of lending, especially in areas of Agriculture-notes-for-state-psc-exams”>Agriculture and rural development.