World’s largest dairy company and India’s biggest bank come together to offer financial assistance to dairy farmers at the most reasonable rates.
In a first-of-it’s kind initiative, the world’s largest dairy company Lactalis and India’s largest bank, the State Bank of India come together to offer financial assistance to dairy farmers, thus taking a major step towards fulfilling the country’s ambition of doubling farmers’ income by 2024.
Lactalis announced a gala loan disbursal ceremony for 200 dairy farmers, on December 3, 2021, in Shrirampur, Maharashtra, in presence of Mr. Rajiv Mitra, CEO, Prabhat Dairy, and Mr. Ajay Kumar Singh, CGM, Agriculture, SBI.
The State Bank of India sanctioned loans to 300 Prabhat farmers in a grand ceremony. An important step towards India’s ambition of doubling farmers’ income by 2024.
An MOU, between India’s largest bank & the world’s largest dairy group, is a major & pioneering step towards farmers’ self-sufficiency in western India. Supporting farmers across the globe has been an important part of the Lactalis mission.
About Lactalis Group
Lactalis Group, the world’s leading dairy group, is a French-family business founded in 1933 in Laval, France. Present in 52 countries with 270 manufacturing facilities throughout the world, its 85,000 employees promote milk in all its forms: cheese, drinking milk, yogurts, butter and creams, dairy ingredients, and nutrition. At the heart of the daily lives of millions of households, Lactalis Group offers products from emblematic brands such as Président®, Galbani®, and Parmalat® and is committed to perpetuating its dairy know-how as the world’s leading player in Protected Designation of Origin (PDO) cheeses.
