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SBI plans to soon disburse agricultural loans digitally: Official

The official said as the pilot projects are on already, the bank hopes to provide such services soon

Press Trust of India  |  New Delhi 

State Bank of India
FILE PHOTO The State Bank of India (SBI) office building is pictured in Kolkata, India | Photo: Reuters

The country's largest lender SBI is running pilot projects to disburse digitally and expects to roll out the services very soon, a top said Tuesday.

"We are doing some pilot projects. We have tied-up with some players for settlement of payments. Also the digital land records of farmers are available," SBI MD (Retail & Digital Banking) P K Gupta said on the sidelines of an event here.

When asked about the time-line for the launch of the services, he said as the pilot projects are on already, the bank hopes to provide such services soon.

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Speaking at the Inclusive India Summit 2018, Gupta said there are lot many fin-tech players presently and many states also have the land records of the farmers, so it will help in providing to farmers using technology.

First Published: Tue, December 11 2018. 16:35 IST
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