State Bank of India’s CSR wing, SBI Foundation, has entered into an MoU with the Indian Council of Agriculture Research–Indian Institute of Rice Research (ICAR-IIRR), Hyderabad, to promote direct seeded rice (DSR).
Direct seeding is a crop establishment system, wherein rice seeds are sown directly onto the field as opposed to the traditional method of growing seedlings in a nursery then transplanting into flooded fields.
On the occasion of the MoU signing here, a cheque for ₹4.50 crore was handed over by head of the foundation’s executive committee and SBI managing director (International Banking, Global Markets and Technology) Challa Srinivasulu Setty to the institute officials, the bank said on Wednesday.
