agricultural loans: GK, General Studies and Current Affairs

How is the satellite data used for Farm credit assessment by banks?

Indian multinational banking and financial services provider ICICI Bank has announced that it is going to use the satellite data-imagery from earth observation satellites to assess the creditworthiness of the farmers seeking loans. ICICI is the first bank in India to take such a step. The assessment Using the data it will measure an array ..

PSBs disbursed Rs 4.91 lakh crore under the Customer Outreach Initiative in October and November 2019

In September 2019, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, announced the launched the Customer Outreach Initiative by the Public Sector Banks (PSBs) of India. The initiative aimed towards providing support to the needs of the economy by improving credit delivery or the credit outflow with a primary focus on NBFCs, MSMEs, ..