HDFC Bank, India’s leading private sector bank, announced the launch of a ‘Cattle Finance Scheme’ in Tamil Nadu. The scheme aims to provide cattle finance loans to farmers and other stakeholders associated with the milk producing business. HDFC bank has partnered with ABT Industries Ltd to launch this initiative and, expects to provide financial assistance to over 2000 farmers in the coming 3 years.
“HDFC Bank is focusing on small farmers and supporting them in their efforts to lead a better life. We believe that cattle financing can play an important role in this as this can help borrowers meet their business goals by providing them access to the required capital needs, allowing them to purchase, maintain, and improve their livestock. Overall, such loans foster the growth and sustainability of the cattle industry, said Mr R Suresh, Regional Rural Head-South, HDFC Bank.