The MOU was executed by Jaideep Srivastava, CGM, Rajasthan, NABARD, and Sanjay Agarwal, MD and CEO, AU Small Finance Bank in the presence of Dr. G.R. Chintala, Chairman, NABARD
AU Small Finance Bank has signed a memorandum of understanding with the National Bank for Agriculture and Rural Development (NABARD) to boost the ongoing rural development initiatives in Rajasthan. The MoU envisages joint initiatives for the benefit of farmers, farmer producer organisations, self-help groups, joint liability groups, rural artisans, agripreneurs, and agri start-ups in the state. The MoU was executed by Jaideep Srivastava, CGM, Rajasthan, NABARD, and Sanjay Agarwal, MD and CEO, AU Small Finance Bank, in the presence of Dr GR Chintala, Chairman, NABARD.
Sanjay Agarwal said, “The collaboration between NABARD and the AU Bank will enhance rural prosperity through the convergence of institutional lending and ongoing development initiatives. This association will further give impetus to lending in the state especially in areas pertaining to agriculture and rural development.”
Jaideep Srivastava, Chief General Manager, NABARD, said “The collaboration between NABARD and AU Small Finance Bank is a significant step towards empowering the rural segments with easy access to credit. With this MoU, both NABARD and AU Bank will reach greater heights in terms of overall development of rural areas in Rajasthan.”
