Ananda Dairy today said it has signed a Rs 100 crore agreement with the State Bank of India to felicitate 50,000 farmers with cattle loans.
This MoU is aimed at giving an easy approach to farmers while applying for cattle loans, to further encouraging them to transform cattle farming into a profitable profession, the company said in a release.
The company processes 1,200,000 litres of milk a day, of which it collects over 800,000 litres from dairy farmers.
****************** Exim Bank extends USD 66.60-mn LoC to Rwanda for road project *
Export-Import Bank of India (Exim Bank) today said it has extended a line of credit (LoC) of USD 66.60 million to Rwanda for the Base-Butaro-Kidaho road project.
With this agreement, Exim Bank so far has extended five LoCs to the government of Rwanda, taking the total value of LoCs to USD 347.65 million, the bank said in a release.
****************** Lemon Tree Hotels enters Baddi in Himachal Pradesh *
Lemon Tree Hotels today announced the opening of its new property in Baddi, Himachal Pradesh.
Carnation Hotels, the hotel management arm of Lemon Tree Hotels, will manage this midscale hotel, the company said in a release.
Lemon Tree Group operates three brands - Lemon Tree Premier (upper midscale), Lemon Tree Hotels (midscale) and Red Fox Hotels (economy), and currently owns and operates 50 hotels in 32 cities, with 4,950 rooms.
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