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    Sunday, October 07, 2012

    IOB Special Credit Schemes Bhoomi Shakthi


    IOB's (Indian Overseas Bank's) Special agri women Credit Scheme is Bhoomi Shakthi.

    Objective:
    To bring about advancement, development & empowerment of women, financially & socially

     Eligibility:
     Women having farm land in their own names & tenant farmers, if the tenant is a woman.

    Purpose:
    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

    Charges:         
    Processing Charges, Upfront Fee & Mortgage Charges are waived for all loans granted under this Scheme
    Other Terms:
    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.
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    Item Reviewed: IOB Special Credit Schemes Bhoomi Shakthi Rating: 5 Reviewed By: S. Chitra
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