IOB's (Indian Overseas Bank's) Special agri women Credit Scheme is Bhoomi Shakthi.
To bring about advancement, development & empowerment of women, financially & socially
Women having farm land in their own names & tenant farmers, if the tenant is a woman.
To provide financial assistance to women for all activities under Agriculture
Rate of Interest:
4% if granted under DRI
All other cases :
0.5 per cent less than applicable rate for limits up to Rs.50, 000 and 0.25 per cent less than applicable rate for limits above Rs.50, 000
Processing Charges, Upfront Fee & Mortgage Charges are waived for all loans granted under this Scheme
Quantum of Loan, Margin, Security and Repayment Period are common in all respects with the normal loans under Agriculture & Allied Activities
For more details, contact nearest IOB branch.