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 zero interest or low-interest micro credits. Bayer originally worked together with the Bank of India on this program, but most of the micro credits are now awarded directly by the company. The concept comprises interest rates at zero percent or considerably lower than 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 cheap labor – such as children – is thereby reduced.

[ last update: Monday, December 8, 2008 ]