Chandigarh, July 19, 2024 – Farmers are the backbone of our economy, and their relentless efforts ensure food security for the nation. In view of the same Bank of India is proud to announce the celebration of Kisan Divas, a day dedicated to honouring the invaluable contributions of our nation’s farmers. As a tribute to the hardworking and resilient farmers of India, Bank of India has launched several schemes and initiatives aimed at supporting and empowering the agricultural community.
Through Kisan Mah Utsav, Bank of India is raising awareness about its various financial assistance schemes which are contributing to the development of the country and its farming community.
The standout offerings under Campaign Kisan Samridhi is the Star Farm Mechanization Scheme and the Star Krishi Vahaan scheme, which provide financial assistance for the purchase of agricultural implements and vehicles for transporting farm produce. These schemes come with attractive concessional rates of interest starting at 8.90% and a 100% waiver of proposal processing charges.
Major financial assistance schemes of Bank of India are under:
· Kisan Credit Card Scheme: Providing easy access to credit for meeting all types of agricultural needs with availability of interest subvention
· E-Warehouse- Financial assistance to farmers against the electronic warehouse receipt who have stored their produce in accredited warehouses
· Star Doodhganga Scheme: Special schemes for dairy animal rearing activities
· Star Polutry Development Scheme: Special scheme for Poultry rearing activities
· Star Pisciculture Scheme: Financial assistance for all kinds of marine, brackish and inland fishery activities
· Star Food and Agro Processing scheme: Financial Support for food & agro processing units
· Star Self-Help Groups: Empowering women through self-help groups by financial assistance for taking up economic activity
· Star Sakhi Scheme- Financing to individual SHG members in line with Govt. of India Lakhpati Didi Scheme with availability of interest subvention
· Atmanirbhar Yojana: Initiatives for self-reliant under Govt. of India flagship programme
· Warehouse and Cold Storage: Infrastructure support for storage and preservation
One of the above popular scheme is the Kisan Credit Card Scheme which is designed to provide farmers with timely and need-based credit support for their agricultural and allied activities, as well as non-farm activities. The card offers low interest rates, transparent terms with no hidden charges, and minimal documentation requirements, ensuring that farmers can easily access the financial resources they need. By streamlining the credit process and making funds more accessible, Bank of India aims to alleviate the financial burdens faced by farmers, enabling them to invest in better farming practices, purchase essential equipment, and ultimately, improve their productivity and income.
On the occasion of Kisan Divas, Bank of India reaffirms its commitment to supporting farmers through various initiatives. Empowering farmers with financial resources, knowledge, infrastructure and technology is essential for sustainable agricultural growth.
By facilitating these resources, Bank of India aims to boost productivity and improve livelihoods by continuing to provide essential financial tools and resources. The goal is to foster a more resilient and prosperous agricultural sector, ensuring that our farmers can thrive and continue to be the cornerstone of our nation’s growth.
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
