SLCM-Allahabad Bank tie-up to benefit farmers

KOLKATA: Delhi based agrilogistics group Sohan Lal Commodity Management (SLCM) on Monday entered into a memorandum of understanding (MoU) with Allahabad Bank to provide collateral management services.

Under this agreement, SLCM will extend its services to Allahabad Bank branches for securing respective commodities for the borrowers from time to time.

Ankur Jaipuria, Chief Business Officer, SLCM Group, and Sanjay Mathur, Deputy General Manager, Allahabad Bank, exchanged the pact.


This agreement will bring the two organisations together, with the bank extending finance against warehoused commodities and inventories and SLCM offering end-to-end solutions to all the commodity stakeholders under its collateral management portfolio.

The tie-up will help farmers avail post-harvest credits at affordable interest rates, which will further help them with scientific storage facilities and fair price discovery of their produce in the market.