Bank of India Agri Clinics Loan – Apply Agri Clinic Loan BOI
Objective & Purpose
- To supplement the endeavour of Government augmentation framework
- To make accessible supplementary wellsprings of info supply and administrations to penniless agriculturists
- To give productive occupation to farming graduates in new developing regions in agrarian part
The plan is interested in Agriculture Graduates/Graduates in subjects united to agribusinesses like cultivation, creature cultivation, ranger service, dairy, veterinary, poultry cultivating pisciculture and other partnered exercises.
EDP Training to Agri graduates
SFAC/NABARD would orchestrate a 2-month long concentrated preparing to the agribusiness graduates in bookkeeping, business and related matters free of cost at choose focuses all through India. An endless supply of the said program they would be issued an endorsement and an enrollment number.
BOI Selection of borrowers
Choice of borrowers and area of the undertakings should be possible by the bank in counsel with the Agricultural Universities, KVKs/Agriculture Departments of the State, and so on.
BOI Quantum of finance
Agri Clinic Loan – Agricultural graduates may take up the venture either exclusively or on joint/aggregate undertakings. The external roof for the cost of the venture by an individual would be Rs.10 lakh and for the venture by gathering would be Rs.50 lakh.
BOI Agri-Clinics Security
For points of confinement up to Rs.5.00 lakh –
Hypo. of benefits made out of bank back
For points of confinement over Rs.5.00 lakh –
Hypo. of advantages made out of bank fund
Home loan of undaunted property or
Insurance Security of sufficient worth or outside assurance.
Upto Rs.5 lakh – Nil
Over Rs.5 lakh – 15% to 20%
BOI Rate of Interest
As decided by Bank from time to time
BOI Agri-Clinics Repayment
Reimbursement period will change between 5 to 10 years contingent on the movement. The reimbursement time frame may incorporate an effortlessness time of most extreme 2 years.
BOI Margin Money Assistance Agri-Clinics
Edge cash help from Soft Loan Assistance Fund of NABARD would be accessible to the degree of half of the edge cash endorsed by the bank to meet the deficit in borrower’s commitment, assuming any, where the Bank is fulfilled that the imminent borrower can’t meet the edge cash prerequisites, could be given by NABARD. Such help/credit to the bank will be with no premium yet the bank may charge an administration charge of 3% p.a. from the recipient.
Bank of India (BOI)
Bank of India was established on seventh September 1906 by a gathering of famous agents from Mumbai. The Bank was under private proprietorship and control until July 1969 when it was nationalized alongside 13 different banks.
Starting with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 workers, the Bank has made a fast development throughout the years and bloomed into a compelling organization with a solid national nearness and sizable universal operations. In business volume, the Bank involves a chief position among the nationalized banks.
The Bank has 4963 branches in India spread over all states/union regions including specific branches. These branches are controlled through 54 Zonal Offices. There are 60 branches/workplaces and 5 Subsidiaries and 1 joint wander abroad.
The Bank turned out to its lady open issue in 1997 and take after on Qualified Institutions Placement in February 2008.
The Bank is additionally a Founder Member of SWIFT in India. And it spearheaded the presentation of the Health Code System in 1982, for assessing/rating its credit portfolio.