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BoB has set Rs 90 Cr farmers’ loan to be disbursed in Kolkata
West Bengal

BoB has set Rs 90 Cr farmers’ loan to be disbursed in Kolkata

Agency News

Kolkata, Sep 30 : Bank of Baroda (BOB) has decided to disburse a loan of Rs 90 crore among the farmers across Kolkata zone for a week-long “Baroda Kisan Pakhwada” beginning October 1,announced BOB zonal head Arvind Lohi.

Kolkata is divided into six zone, include northeast states and Andaman and Nicobar Island, and each zone to disburse Rs 15 crore each in next 15 days upto October 15 and October 16 to Baroda Kishan Diwas to mark. World Food Day with a view to augment Government of India’s efforts to provide increased financial services to all, to enhance the flow of advances in agriculture sector and to double their income.

The loan mela of 2019 is the second year as BOB disbursed loans among 2,40,817 farmers across the country in 2018.

“Baroda Kisan Divas” is celebrates the spirit and vigour of the farmers and it also aimed at promoting increase in advances in rural and agriculture sectors, Mr Lohi told reporters here today.

" We are doing innovative and pioneering work in agriculture and rural areas while maintaining the Bank's heritage.

The Central Government has been continuously working hard on new initiatives by paying unprecedented attention to the agricultural sector, to secure productivity, interests of farmers and to increase their income levels and improve their standard of living.

The Central Government aspires to double the income of farmers by 2022 and we endeavor to put in all our efforts to make the Government’s initiative a success. Similarly, it is also important to spread financial literacy among farmers so that
they can be saved from the clutches of moneylenders and approach nationalized banks to fulfill their agro-based needs.” Mr Lohi added. (UNI)