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News — NBFC

The emergence of agricultural NBFCs in India

Posted by my BigHaat on

A new breed of non-banking financial companies (NBFCs) is emerging in India: Agricultural NBFCs. As agricultural marketing and warehousing companies look to expand their businesses, a number of them are seeking to provide financial services to farmers and farm-related businesses, many of whom would be existing clients. Agricultural warehousing companies such as Star Agriwarehousing and Collateral Management Ltd, Shree Shubham Logistics Ltd and Sohan Lal Commodity Management Pvt. Ltd have already started such NBFCs, whileNational Bulk Handling Corp. and National Collateral Management Services Ltd are exploring the option. Automobile companies were the first to try this model, starting dedicated vehicle...

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