Corporate Site |
Hindi Marathi
[+] [-] | Skip to navigation | Skip to main content | screenreader Contrast Scheme : contrast
              1800 220 229 ,1800 103 1906,
              022 40919191
rect rect
yo You are here path  Rural path Facilities & Services path Purchase of Land  
banner
 
Purchase of Land
 

Purpose

  • The objective of the scheme is to finance farmers to purchase, develop and cultivate agricultural as well as fallow & waste lands.
  • Establishing/ diversifying into other allied activities.  

 

Eligibility

  • Small & marginal Farmers i.e. those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including purchase of land under the scheme.  Share Croppers and tenant farmers can also be eligible under the scheme.
  • Women/ SHG members.

 

Quantum of finance

It will depend on area of land to be purchased and its valuation and also development cost. 
The last 5 years average registration value available with the Registrar/ Sub-Registrar of the areas and a view taken by the Bank.

Security

The land purchased out of bank finance to be mortgaged in favour of the Bank

Margin

  • Loan upto Rs.1.00 lakh  -  Nil  
  • Loan over Rs.1.00 lakh – 20%  

Rate of interest

Interest Rate as decided by the Bank from time to time.

Repayment

Loan may be repaid in 7 – 12 years in half yearly/ yearly installments including maximum moratorium period of 24 months.  

Location of Holding

The farmers may be allowed to purchase land within the village boundary or in a radius of 3 to 5 kms. near land owned by them.

 
Announcement        Start | Stop

BOI Financial Results 30.06.2017


Press Release from IBA new


Integrity Pledge Count new


Public Notice for Unclaimed Dividend


List of Wilful Defaulters


With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017


All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.


Annual Report 2017


We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new


MCLR w.e.f. 10.08.2017


Empanelment Of Sarfaesi Valuers


Details of unpaid / unclaimed Dividend


As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.


Base Rate revised to 9.55% w.e.f 31.03.2017


List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone


Change of Registrar and Share Transfer Agent


Notice to CD Customers


Notice to Customers


Notice to SB Customers


ATM transactions for savings Bank A/c Customers


Notice for our DEMAT Account Holders


Top
arrow
images © 2012 Bank of India. All rights reserved Site best viewed in resolution of 1024x768 ipv6 ready images
rect Ac Checker
Purchase of Land