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Bank of India celebrates Kisan Divas with special initiatives for farmers
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Monday, 22 July, 2024, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Farmers are the backbone of the economy, and their relentless efforts ensure food security for the nation. In view of the same Bank of India has announced the celebration of Kisan Divas, a day dedicated to honouring the invaluable contributions of the 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 are the Star Farm Mechanisation 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.
One of the above popular schemes 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 farmers can thrive and continue to be the cornerstone of the nation's growth.
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