Current Affairs - Banking - Discussion

'Kisan Suvidha loan' for small and marginal farmers launched by Ujjivan Small Finance Bank. The scheme will attempt to reach the bottom of the pyramid with products and services. Kisan Suvidha loan can be used by farmers for both agriculture and allied activities. The product is specially designed to cater to the needs of customers for various allied and agricultural activities. Ujjivan Small Finance Bank launched the product in Tamil Nadu, West Bengal, Karnataka and Odisha with an eye to expand the product offerings. It provides loans to individuals with an amount ranging from Rs. 60000 to Rs. 2 Lakh to fulfill the customized needs of the mass market segment. Ujjivan becomes the 1st bank to offer loans for agriculture and allied activities.