The government has come up with several schemes to double the income of farmers and help them. In addition, many banks are also helping farmers. Now Bank of India, one of the leading public sector banks in the country, has come up with a different scheme called ‘Star Kisan Ghar’ scheme. Through which farmers will be able to build houses and also take loans at low interest rates for house repairs. Bank F India is also giving farmers enough time to repay these loans.
Who will get this benefit?
Bank of India customers who are farmers will get the benefit of this special scheme. As such, this special scheme has been launched by BOI only for their customers. Notably, the benefit of this scheme of Bank of India can be availed only by the farmers having KCC account. Only those farmers who want to build their farm house on their farm land or have their existing house repaired or renovated will get the benefit.
How to get this benefit?
Now it has become very easy for farmers to build their dream home as the Bank of India is offering loans of up to Rs 50 lakh. Farmers will get loans ranging from Rs 1 lakh to Rs 50 lakh at an interest rate of 8.05 per cent. Farmers will also be given up to 15 years to pay it. In addition, loans ranging from Rs. 1 lakh to Rs.
No need to give ITR
Most importantly, the scheme will not require farmers to file IT returns. If you want more information about Bank of India’s ‘Star Kisan Ghar’ loan scheme, you can visit the nearest BOI branch or call the bank’s toll free number 1800 103 1906.