Small Loan Program

Investing with Affordable Money

Since 2006, Bayer BioScience Pvt. Ltd. has enabled Indian cotton farmers to invest in their productivity by providing strikingly low-interest small loans. Bayer originally worked together with the Bank of India on this program, but most of the small loans are now awarded directly by the company. The concept comprises interest rates that are at most half as high as those usually found on the Indian financial market. In the 2007/2008 season alone, Bayer BioScience Pvt. Ltd. awarded loans totaling 15 million rupees to Indian cotton farmers – in many cases interest-free.

The investments are aimed at enabling farmers to increase both their productivity and their profitability. At the same time, the economic pressure to employ child laborers is thereby reduced.

[ last update: Tuesday, June 10, 2008 ]