Bank of Baroda has unveiled a slew of new initiatives
to prop up its farm sector lending.
part of the new initiatives, a MoU was signed between
the Bank of Baroda and Punjab Tractors Ltd., through
which finance for tractors can be arranged for on easy
terms. Loanee farmers would be able to avail of discounts
of Rs.4000 and also receive some free services under
of Baroda has already reduced its lending rates for
farmers to 8.50 per cent per annum for crop loans up
to Rs.50, 000/- and 9.25 per cent per annum for production
and investment credit facilities above Rs.50, 000/-
up to Rs.10 lacs, by way of providing cheap credit.
bank has also relaxed its security norms in order to
make its agriculture lending schemes more friendly.