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SBI has signed $300 million loan agreement with KfW for rural lending

A USD 300 million loan agreement has been signed by the largest lender of nation, State Bank of India and German development bank KfW to support rural and micro-enterprise lending in the country.

SBI’s managing director V G Kannan said, “We are glad that KfW has chosen us as its partner to foster a focused growth in agriculture sector where we are already a market leader with more than 20 percent of the market share.”

The Bank said that with a focus on agricultural and micro enterprise loans, the facility is designed to further strengthen and extend SBI’s priority sector lending activities.

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