SBI and Citibank Collaborate on USD 295 Million Social Loan to Boost Support for Indian Farmers. Banking & Finance | Dated: 04 Apr 2025 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. 🎯 Key Highlights: - 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. 💡 Other Important Facts: (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. 📚 Test Your Knowledge: Recently, which international bank collaborated with SBI to provide a USD 295 million social loan for supporting smallholder farmers in India? Correct Answer: Citibank 🚀 Quick Recap: