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SBI to Encourage Poultry Farming

by 5m Editor
7 February 2008, at 9:44am

INDIA - State Bank of India will recruit 6,000 business representatives and Marketing and Recovery Teams (MRTs) to assess the business potential of farmers engaged in poultry farming, tissue culture (banana) and oil palm, said SBI Visakhapatnam Zone Chief Manager (Technical) J Krishna Rao.

Speaking at an awareness programme on the growth potential of poultry industry here on Wednesday, he said SBI was planning to provide financial assistance to small farmers through MRTs. The bank provided loans worth Rs 1,000 crore to the agricultural sector last year. Of the total amount, Rs 30 crore was lent to poultry farmers.

As there is a lot of scope for the growth of poultry industry in East Godavari district, MRTs were already constituted in Ramachandrapuram, Amalapuram, Razole, Samalkot, Tuni and Rajahmundry to sensitise small farmers on its potential. SBI entered into a tie-up with Suguna Poultry Farm Limited to provide advances to farmers.

Suguna Poultry Farm (coastal districts) DGM V Venkataramana said the poultry industry was growing at the annual rate of 15 per cent in India. Its growth in coastal districts is 60 per cent per annum. The programme was organised to encourage small farmers to take up poultry farming, he said.

Source: NewindPress.com

5m Editor