Godrej Agrovet partners with SBI to launch finance offering for Indian Oil Palm farmers

18 May 2023 Evaluate

Godrej Agrovet’s Oil Palm Business is launching first-of-its-kind finance offering for oil palm farmers in partnership with the State Bank of India (SBI). A product jointly developed by the Company and country’s leading public sector bank will enable farmers avail loan for setting up micro irrigation facility, set up fencing arrangement to protect from cattle grazing and improvement of tube well at their oil palm farms. 

Introduced with an objective of aiding oil palm growth by improving Fresh Fruit Bunches (FFB) productivity, it will act as a catalyst to maintain juvenile gardens during the gestation period of first 5 years. Launched initially for the oil palm farmers of Telangana state, Godrej Agrovet farmers from the states of Tamil Nadu, Odisha, Assam, Manipur and Tripura can now easily avail loan with the ticket-size of Rs 1 lakh to Rs 50 crore. 

Godrej Agrovet is a diversified, research and development focused agribusiness company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.


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