MUMBAI: State-run Bank of Baroda and Heritage Foods Ltd (HFL) on Thursday signed a Memorandum of Understanding (MoU) to provide dairy loans to farmers through the lender's branches across the country.
Heritage Foods is in the business of procurement, processing and sale of milk and milk products.
"BoB and HFL will work jointly to provide dairy loans to the farmers which will benefit them in increasing their productivity and earnings under allied activities," said the bank's head (rural banking and CSR), G B Bhuyan, in a statement on Thursday.