The objective of the Minor Irrigation schemes should be to meet genuine credit needs of the farmers for development of farm irrigation facilities to improve cropping intensity, better yields and incremental income from the farm.
The following activities can be considered for financing under Minor Irrigation, Lift IrrigationWell IrrigationElectric Motor & Pump setDiesel EngineConstruction of pump house/ water delivery channel Payment of deposit to the State Electricity Board also be considered Any other type of need based facility/construction suitable to the topography of the agricultural field
Individual Farmers Group of farmers/ Co-Operative Society of the farmers State Irrigation Corporations/ Bodies offering the guarantee of State Government Individual farmers /Group farmers, Co-operative societies should have owned land or registered leased land and should be willing to adopt advanced farming techniques and improved cropping patterns. In case of lift irrigation schemes, permission from the competent authority like the irrigation/PWDepartment of the state Govt. to lift water from the river/lake at least during the currency of the loan should be obtained.
The financial viability of the irrigation schemes should be assessed keeping in view of the capital cost vis-à-vis expected incremental income from the farm. The assessment should clearly indicate that the net incremental income on account of improved agronomic practices would be adequate to service the loan with interest within a reasonable period apart from the farmer getting a fair return on the investment.
Bank of India is celebrating "Information Security Day" on 10th Dec 2013. On this occasion we offer to our Internet Banking customers, 90 days trial version of Trend Micro Antivirus. To download and more details please login to our Internet Banking website.
Notice for Extra Ordinary General Meeting
Press Release Sept 2013
Festive Offer introduced on Home Loan, Vehicle Loan & Consumer Durables during festive period till 31.12.2013.
Rate of Interest slashed & 100% Processing charges waived
Notice for esteemed customers regarding 'CTS-2010' Standards Cheques Forms
As per RBI directive PIN is required for debit card PoS transactions on domestic terminals from 1.10.13.
Financial Results for the quarter ended June 2013
Presentation for Q1 2013-14
We thank all our valued customers, BOI has crossed the Business Mix of . 7. lacs crores as on 30th June 2013.
Cash withdrawal limit through ATMs has been increased from Rs.15000/= to Rs.25000/= w.e.f. 01/06/2013
International Card transactions temporarily blocked
BANKS PRIME LENDING RATE (BPLR) W.E.F. 09.02.2013 to 14.50%p.a
To extend the benefit of exercising another option to join the existing pension scheme in terms of Joint Note dated 27.04.2010 to Officers / Family Members of deceased Officers who had taken voluntary retirement from Bank's service on or after 29.09.1995 under Regulation 19(1) of Bank of India Officers' Service Regulations 1979
Public Notice for BOI Customer.
Cash Retraction feature has been disabled on all BOI ATMs in terms of RBI guidelines.