Kissandhan disbursed Rs 47.73 crore agri-loans in Feb

Kissandhan Agri Financial services (Kissandhan), a wholly-owned subsidiary of Sohan Lal Commodity Management (SLCM Group), today said it has disbursed Rs 47.73 crore agri-loans in six states in February.

The company has disbursed Rs 10.55 crore agri-loans in February last year, Kissandhan said in a release.

Kissandhan covered 33 locations in six major agri states Bihar, Delhi, Haryana, Punjab, Uttar Pradesh and West Bengal till February 2017.

Majority of the loan disbursed in February is on sugar, rice, black gram, mentha oil, lentil and yellow peas.

Kissandhan disbursed loans were against 25,806 storage receipts compared to 13,308 storage receipts in February 2016.

"We have activated loan facility in Asia's largest agri market - Narela Mandi and also extended loan facility at Latur and Bikaner Mandi," said Sohan Lal Commodity Management Group Chief Executive Officer Sandeep Sabharwal.

"We plan to empower agri-community by

expanding the portfolio of agri loans of Kissandhan across the country to benefit the entire agri value chain," Sabharwal added.

It said, 83 warehouses were used for storing the collaterals during last month compared to 53 last year.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)