General Awareness Questions

Q.  Which public sector bank has tied up with Tirumala Milk Products for providing loans to dairy farmers?

a. Axis Bank
b. ICICI Bank
c. State Bank Of India
d. HDFC Bank


ANSWER: See Answer
 
The State Bank of India (SBI) has tied-up with Tirumala Milk Products to provide loans to dairy farmers who supply milk to the latter. As per the scheme for financing dairy units, SBI offers loans for the construction of sheds, and the purchase of milch animals, milking machines, and chaff cutters. Apart from this, the bank also provides loans to dairy societies for modernization and creation of infrastructures such as the purchase of automatic milk collection systems, purchase of transport vehicles, and bulk chilling units. Tirumala Milk Products is a South-based company, which was acquired by France-based Groupe Lactalis in 2014.
 

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