SBI to launch a credit card exclusively for farmers: Rajnish Kumar

The country's largest bank, State Bank of India, is planning to launch a credit card exclusively for farmers through its credit card arm SBI Cards, a joint venture company between SBI and GE Capital.

Already pilot projects for the product have been launched in in Rajashtan, Gujarat and Madhya Pradesh, said Rajnish Kumar, Chairman, SBI, at an event in Kolkata today.

"This will be the first credit card, aimed exclusively for farmers. We have launched farmers' credit card in three states and have received about 100 applications. Based on its success, we will go for a nationwide launch," said Kumar at the