State Bank of India (SBI) has inked a memorandum of understanding (MoU) with Warehousing Development Regulatory Authority (WDRA) to help farmers in getting low interest rate loans.

• The MoU was signed with the intent of promoting awareness about the new loan product called 'Produce Marketing Loan' to exclusively fund against e-NWRs (electronic Negotiable Warehouse Receipt) with features such as nil processing fee, no additional collateral and attractive interest rates.
• Combined with the inherent security and negotiability of the e-NWR system, the 'Produce Marketing Loan' will go long way in improving rural liquidity and increasing farmers income.
• SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.