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.

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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

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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.