Fasal ties up with SBI to help farmers get easy access to loans

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Agri-tech company Fasal has partnered with the State Bank of India (SBI) to provide farmers with easy access to capital in the form of quick, easy, and collateral-free loans at competitive rates. The loans will be deployed under the Kisan Credit Card scheme and be initially offered in four Indian states, expanding to more regions in the future. The move coincides with the Indian government's increased agriculture credit target of INR20 lakh crore ($267bn) for FY24. The aim is to enable farmers to use Fasal's precision farming technology to manage agri-input needs, says Shailendra Tiwari, founder of Fasal.

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