:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

SBI GRANTS HIGHEST EVER LOAN OF RS 300CR FOR DAIRY FIRMS IN PUNJAB

State Bank of India has earmarked highest ever fresh lending of Rs 300 crore to encourage commercial dairy farm projects in the state of Punjab.
 
Significantly, lending to the dairy sector will comprise close to 25 per cent of SBI's total fresh farm advances targeted for Punjab and Haryana states in the current fiscal.

This year, advances to dairy sector in Punjab will have maximum share in fresh lending of Rs 1,300 crore earmarked for the agriculture sector.

In the last fiscal SBI had lent just Rs 15 to Rs 20 crore to the dairy sector in Punjab.

SBI has also roped in Punjab Dairy Development Board and Progressive Dairy Farmers' Association to lend money for setting up commercial dairy venture in Punjab as the state government is laying emphasis on encouraging more and more farmers to adopt dairy as their main profession to come out of traditional wheat-paddy rotation to earn remunerative returns.

SBI, with margin money of 25 per cent of total project cost, will be disbursing loan at 10 per cent rate of interest for dairy farm having cows and 10.5 per cent for dairy farm of buffaloes for a tenure of 7 and 9 years, respectively. Apart from this, the bank will not be charging principal amount for two years from the borrowers.


Posted by C.B.O.A., A.P.

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