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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