SBI and Citibank Collaborate on USD 295 Million Social Loan to Boost Support for Indian Farmers.

Banking & Finance

On April 3, 2025, the State Bank of India (SBI), headquartered in Mumbai, Maharashtra, in collaboration with Citibank (Citi), headquartered in New York, USA, announced a social loan facility worth USD 295 million.


      - This initiative is aimed at uplifting small and marginal farmers across India by improving their access to credit and enhancing agricultural productivity.

      - The social loan will be deployed by SBI to finance its Kisan Credit Card (KCC) loan portfolio, ensuring crucial credit flow to smallholder farmers.

      - It aims to boost agricultural output by facilitating better access to financial resources and promoting sustainable rural livelihoods.

Main Point :-   (i) The initiative supports broader goals of financial inclusion and economic empowerment of underserved farming communities.

      (ii) This collaboration is part of Citi’s global commitment to invest USD 1 trillion in sustainable finance by 2030, which includes support for 15 million low-income households globally.


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