BoM Signed MoU with NABARD to Improve PSL In Maharashtra


In July 2021, the Bank of Maharashtra (BoM) Signed a Memorandum of Understanding (MoU) With ‘National Bank for Agriculture & Rural Development’ (NABARD) to foster the existing Developmental initiatives that are linked to Priority Sector Lending (PSL) in Maharashtra.

• The MoU is intended to benefit farmers, Farmer producer organisations, joint liability Groups, self-help groups, rural artisans, Weavers, agri-preneurs, agri start-ups, and Micro, Small and Medium Enterprises (MSMEs) in the State.

• Under the MoU, the BoM will work with NABARD to develop the rural areas in Maharashtra.

• BoM is the convenor bank of the State Level Bankers’ Committee (SLBC) of Maharashtra.

About Bank of Maharashtra (BoM):

Establishment Incorporated in 1935,

Commenced Operations in 1936

Headquarters Pune, Maharashtra

MD&CEO – A.S Rajeev

Tagline One Family One Bank

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