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SLCM facilitates $25 mn loan disbursement in Myanmar

Press Trust of India  |  Mumbai 

SLCM Ltd, a wholly-owned unit of Sohan Lal Commodity Management, today said it has facilitated disbursement of commodity loans worth USD 25.64 million in Myanmar.

SLCM group is an agri-logistics entity which provides warehouse management and collateral management services through its wholly-owned subsidiary SLCM Ltd.

The company disbursed the loans through five nationalised banks in Myanmar - Yoma Bank, C B Bank, United Amara Bank, Myanmar Apex and Global Treasure - with which it has tied up, a statement said here.

The disbursement of USD 25.64 million has been through two segments. It has made collateral financing through banks worth USD 25 million and recently introduced agri reach assisted collateral product worth USD 0.64 million.

These loans have been disbursed against diverse farm items like agri commodities, pulses, sweet corn, granite, bitumen, chemicals, medicines, metals, palm oil, paper, milk powder, pharmaceutical, FMCG products, seeds and fertilisers, spices and betel nut.

SLCM provides collateral management solutions to processors, traders, SMEs, exporters, farmers and importers across Myanmar.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 15 2017. 16:22 IST