Indian Bank Partners with Balinee Milk Producer Company
Indian Bank Partners with Balinee Milk Producer Company to Boost Digital Dai ry Financing
Chennai, December 23rd, 2024: Indian Bank has signed an MoU with Balinee M ilk Producer Company Limited (BMPCL) to provide Kisan Credit Card (KCC) loan ns to its members for dairy farming.
This initiative will strengthen Indian Ba nk’s presence in the Bundelkhand regio n and enhance its Digital Dairy KCC por tfolio and CASA balance.
BMPCL, with a network of 75,000 fema ale farmers and a daily milk collection of 3.25 lakh litres, will assist in identifying eligible members and facilitating direct payments to their Indian Bank accounts. The partnership is expected to on-board 5,000 new dairy farmers in Banda, Jhan si, and Chitrakoot districts, promoting fi nancial inclusion and rural development ent.
