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Central Bank of India, SLCM in tie-up

Central Bank of India has signed a MoU with one of the leading agri logistics and warehousing companies in the country, Sohan Lal Commodity Management (SLCM), under which. SLCM will provide collateral management services to the bank, which will enable it to provide agri financing to farmers, millers and all intermediaries of agri domain. The tie-up will help the farmers to avail of post harvest credits at affordable interest rates, which will further help them with scientific storage facilities and fair price discovery of their produce in the market. SLCM will offer comprehensive collateral management and other value added services to farmers, processors, corporates, exchanges, etc. by ensuring the quality and authenticity of the documents provided by the loan seekers. The strategic tie-up will benefit the Central Bank of India by using SLCM’s ground network across 17 states and this will also help the bank in providing the loans to reliable customers.

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