India

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STORY

DBS Bank India is the first foreign bank in India to have partnered with an NBFC partner – Samunnati Financial — to lend to small entities operating in food and agribusiness. The initiative aligns with the DBS Group's sustainability focus on reducing food waste. Samunnati Financial can now support customers looking for credit at better rates through their partnership with DBS Bank India.

By supporting local food and agribusiness units, DBS Bank India aims to provide a ready market to local farmers and small traders involved in the production and trading of agriculture produce.

With financial assistance from DBS Bank India and Samunnati Financial, these entities have been able to carry out their operations smoothly, even during the strict lockdown imposed due to the COVID-19 pandemic. It has not only helped to provide essential staple food to a large number of customers but also helped migrant workers keep their jobs in these critical times.