Bhagavantha Rao, SBH

M. Bhagavantha Rao, Managing Director, State Bank of Hyderabad, Hyderabad, Andhra Pradesh. I am very happy to be on this auspicious occasion. State Bank of Hyderabad (SBH) achieved its agricultural lending bench mark. Tirumala Milk Products Pvt. Ltd has grown 40 times in ten years time period. State Bank of Hyderabad (SBH) services can be rendered to the customers at concessional rates of interest. As per the Memorandum of Understanding, SBH will finance dairy activity to farmers and Tirumala Milk Products Pvt. Limited will provide inputs to farmers by way of selection of cows or buffaloes, veterinary support advice on feed and buy back the milk with payment directly made to bank. This MOU benefits the farmers in rural areas in many ways such as Assured buy back of milk by Tirumala Milk Products Pvt. Ltd., Increase in income levels of farmers by increased milk production through dairy activity.