Sohan Lal Commodity Management Limited (SLCM) Partners with PNB & Bandhan Bank to Offer Management Solutions.

Banking & Finance

Sohan Lal Commodity Management Limited (SLCM), based in New Delhi, has teamed up with Punjab National Bank (PNB) and Bandhan Bank Limited (based in Kolkata) to provide "Unified Collateral Management Solutions" aimed at improving the agricultural sector.


      - This partnership addresses important issues related to post-harvest storage and financing, ultimately helping farmers and agri-businesses.

     

     

Main Points:-   (i) SLCM uses its AI-powered app, 'Agri Reach,' to improve the efficiency of post-harvest credit and storage services for both banks.

      (ii) The Agri Reach app has been recognized for reducing post-harvest losses from 10% to just 0.5%, irrespective of crop type or location.


About PNB

MD & CEO : Atul Kumar Goel
Headquarters: New Delhi
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