To provide financial assistance to the farmers for dairy activities, State Bank of Hyderabad has signed an agreement with Tirumala Milk Products Ltd. The consortium will disburse loan for dairy purposes to the farmers recognized by the latter. The Managing Director of State Bank of Hyderabad, Mr. M. Bhagavantha said, "This will help increase income levels of farmers and also create employment." A subsidy of 25% will be extended on loans below 5 lakh from National Bank for Agriculture and Rural Development.
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