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SBI launches Project Uptech for farmers

By Our Banking Bureau | 16 Mar 2002

1
Pune: State Bank of India (SBI), for the first time in history, has taken the initiative to help grape-growers in Maharashtra, through Project Uptech, to increase their yield. The bank is also looking at apple-growers in Himachal Pradesh as their second project, which is expected to roll out during the next season.

Talking to press persons, officials said SBI is allocating Rs 30 lakh initially for the project. To begin with, SBI has identified 25 farmers each in Tasgaon (Sangli), Pimpalgaon (Nasik) and Pandharpur (Solapur). The project will be completed in four years.

The benchmark that SBI has kept for itself is that by the end of the project, it will bring under its fold about 1,000 acres of grapes under organic farming. They estimate that the yield of grapes will increase by 30 per cent, while the shelf-life will increase by 25 per cent.

The bank officials said for technological and consultancy support, SBI has entered into an arrangement with NRC Grapes located at Manjari, Pune.

 

 

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