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Home / Au FINANCIERS and NABARD signs Memorandum of Agreement (MOA) for Refinance assistance of Rs. 200 cr

Au FINANCIERS and NABARD signs Memorandum of Agreement (MOA) for Refinance assistance of Rs. 200 cr.

Au FINANCIERS and NABARD signs Memorandum of Agreement (MOA) for Refinance assistance of Rs. 200 cr.

Recently on 18th February, 2016, Au FINANCIERS has joined hands with National Bank of Agriculture and Rural Development (NABARD) by signing a Memorandum of Agreement (MOA) of Rs. 200 Cr. This Agreement involves granting of financial assistance by NABARD to Au for granting loan and advances to the constituents for promoting agriculture and rural development under various schemes of NABARD.

The signing of this MOA between Au and NABARD is a positive move for the overall rural and agricultural development and upliftment of rural population into the mainstream, thereby promoting Financial Inclusion agenda of the Government in the country. This will also allow Au to operate in a manner meeting the conditions stipulated by Reserve Bank of India (RBI)in its Guidelines on Licensing of Small Finance Bank.

The company has served more than 4,00,000 customer as on date and signing of this agreement will lead to serving of more customers by the company, thereby spreading its reach to unserved areas of the country. Au FINANCIERS feel privileged and happy to work with the National Bank of Agriculture and Rural Development (NABARD), a prestigious & flagship institution of the Government of India.

A GO AHEAD MOMENT ……..

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