Bank of India Celebrates Kisan Divas with Special Initiatives for Farmers

(MENAFN- Adfactors PR) Bengaluru, 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.

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