Explanation:

State Bank of India

NABARD, State Bank of India (SBI) and Jammu & Kashmir Gramin Bank (JKGB) has signed a MoU for Joint Liability Groups financing. Main objective of the signing of MoU is to enhance the flow of credit to tenant farmers/oral lessees/sharecroppers, SF/MF etc, who at times may not have proper title to their land holding. The JLG formation will meet the credit requirements of people suffering reverse migration in the wake of COVID-19 pandemic. The issue of formation of JLGs is also being discussed in every meeting of UTLBC. The formation and credit linkage of 1000 JLGs will benefit almost 5000 households in J&K.