SBI,Tata Trusts to work jointly for rural development

State Bank of India (SBI) and Sir Dorabji Tata Trust & The Allied Trusts signed pact to work together for Poverty Alleviation and Rural Development.

Tata Trusts will provide Training and Capacity Building, identify Partner Organizations such as Farmer Producer Companies, SHGs and SHG Federations.

SBI will provide credit support to partners promoted organizations of Tata Trusts. This will be piloted in the states of Madhya Pradesh, Orissa, Chattisgarh and Jharkhand.

A Memorandum of Understanding (MoU) to this effect was signed in the presence of  Ratan Tata, Chairman Sir Dorabji Tata Trust and Arundhati Bhattacharya, Chairman of State Bank of India.