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Saturday, 04-Feb-2012

Composit Cash Credit

Farm Mechanisation

Financing for Draught Animals & Carts

Land Development

Minor Irrigation

Poultry Development

Purchase of Land

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AGRICLINICS AND AGRIBUSINESS

8. MARGIN MONEY:

Upto Rs. 5 lacs. - Nil.
Above Rs. 5 lacs - 15 to 20 %
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9. RATE OF INTEREST:

To be decided by Banks as per the RBI guidelines.

10. SECURITY:

Upto Rs. 5 lacs - Hypothecation of Assets created out of Bank Finance.

Above Rs. 5 lacs - Hypothecation of Assets created out of Bank Finance and mortgage of immovable property or collateral security of adequate worth or third party guarantee.

11. COVERAGE UNDER CGTSI SCHEME

It has been indicated by the Ministry of SSI, Government of India that out of twenty enterprises covered under ACABCs, nine activities are eligible for support under the Credit Guarantee Fund Scheme of their Ministry

The eligible nine activities, as identified by the Ministry of SSIs, Government of India for coverage under the Credit Guarantee Scheme for Small Industries and approach the Credit Guarantee Fund Trust for Small Industries (CGTSI) for necessary cover. The list of eligible activities are:

Sr.No.	Code	Area	Type of Activity
1.	Project 03	Maintenance and Repair of Agricultural Implements & Machinery including Micro Irrigation Systems	SSSBE*
2.	Project 04	Agri Service Centres	SSSBE*
3.	Project 05	Seed Processing Units	SSI**
4.	Project 06	Tissue Culture	SSI**
5.	Project 07	Production of Bio-fertilizers, Bio-pesticides, Bio-control agents	SSI**
6.	Project 08	Honey and Bee Product Processing Units	SSI**
7.	Project 14	Feed Processing & Testing Units	SSI**
8.	Project 13	Setting up of Information Technology Kiosks in rural areas for access to various agricultural related portals	SSI**
9.	Project 16	Setting up of Cool Chain from the farm level onwards	SSI**

12. REPAYMENT:

The period of loan will vary between 5 to 10 years depending upon the activity. The repayment period may include a grace period of a maximum 2 years.

13. NABARD REFINANCE:

NABARD refinance would be available to the extent of 100% of bank loan

14. MARGIN MONEY ASSISTANCE:

Margin money assistance from soft loan Assistance Fund of NABARD would be available to the extent of 50% of the margin money prescribed by banks to meet the shortfall in borrowers contribution, if any, where the bank is satisfied that the prospective borrower is unable to meet the margin money requirements, could be given by NABARD. Such assistance/loan to banks will be without any interest but the banks may charge a service charge of 3% p.a. from the beneficiary.

15. ELIGIBILITY NORMS:

Eligibility to draw refinance by banks will be determined as per instructions issued by NABARD from time to time.

16. MODE OF REFINANCE:

Refinance will be extended under Automatic Refinance Facility as well as schemes with prior sanction depending upon the project outlay and amount of refinance.

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Announcement

Analyst Meet Presentation for 31.12.2011

Reviewed Financial Results for the period ended 31.12.2011

Notice of Board Meeting

Analyst Meet Presentation for 31.12.2011 Reviewed Financial Results for the period ended 31.12.2011 Notice of Book Closure for Bonds

Chairman & Managing Director's Message & Address

Bank of India has decided to abolish prepayment charges on home loans for both fixed and floating rate loans across all tenures for existing as well as new borrowers

Watch recorded webcast of Analyst Meet-30.09.2011

Watch recorded webcast of Press Meet-30.09.2011

Financial Results for the quarter / half year ended 30th September 2011

Analyst Meet Presentation-30.09.2011

Festiva l offer – Rate of interest reduced on Home Loans & Auto Loans.

Watch webcast of 106th foundation day

Bank has decided to increase the Bank’s Base Rate from 10.00% p.a. to 10.75%p.a. and BPLR from 14.25% p.a. to 15.00% p.a. with effect from 28.07.2011.

The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

Pension Calculator is available on Knowledge Portal front page

Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

Notice for Debit and ATM cardholders

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