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