Simbhaoli Sugars joins hand with Indian Bank to provide financial assitance to farmers

Simbhaoli Sugars Ltd has announced that the Company has joined hands with Indian Bank, New Delhi for providing crop related financial assistance to the farmers of the reserved area of the Simbhaoli Sugar Division (SSD) of the Company. At a function held at the factory premises of the SSD, the Company announced this. Mr. J M Garg, General Manager of Indian Bank, New Delhi Zone, in the presence of Dr. G S C Rao, Executive Director of the Company, distributed loan to farmers in the factory premises of the Simbhaoli Sugar Division (SSD).

The Company and Indian Bank have joined together to offer a range of financial services in the form of agricultural credit on easy terms to farmers in the Simbhaoli sugarcane command area. SSD is initiating an all round development plan in its command area for improving the sugarcane varieties and yields. The plan includes distribution of cane seed, fertilizers and other inputs to the farmers for improvement in sugarcane yield, variety and sugar recovery. Under the arrangement the factory will also give other assistance to the farmers.

"Agri- development projects catering to specific needs of farmers for increasing cane yield, pest management, maintenance of loading infrastructure, irrigation facilities, etc are being planned for achieving better returns for farmers and in turn improving sugar yield for the Company", said Dr. G S C Rao, Executive Director of the Company, while explaining the scheme.

Source : Equity Bulls

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