State-run Bank of Baroda on Saturday said it has launched an agricultural investment credit for the farmers of Rajasthan. The first loan has been disbursed in Sri Ganganagar, the bank said in a statement here on Saturday.
Under the scheme, farmers can avail of loan from the bank's branches for construction of farm ponds, installation of solar pumps, installation of micro irrigation, and for any other viable agriculture and allied activities.
“We intend to work with the farmers to address all their needs. We are focusing on an outcome based approach and this in tandem with other initiatives being undertaken by the Bank will help the farmers in doubling their income by the year 2022,” bank's executive director Mayank Mehta said.