Summary:
For New farmers, credit limit will be sanctioned considering 10 per cent rise for every year for a period of five years.”The bank has appealed to farmers to participate in this “Farmers Meet” and take the advantage of various agri loan schemes of the bank. During the meet, crop loan disbursement will be done to the eligible participating farmers, as per cropping pattern. Also, 10 per cent amount towards post-harvest expenses and 20 per cent amount towards farm asset repairs and maintenance will also be provided to farmers”.The statement read, “10 per cent increase in the limit will be given to the farmers, who will renew their MKCC limits. PUNE: Bank of Maharashtra (BoM), one of the leading nationalised banks headquartered in the city, has organised “Farmers Meet” at more than 500 places through its rural branches in villages across Maharashtra on July 28.During this meet, senior officers, agriculture field officers and branch managers of the bank will be providing information about Mahabank kisan credit card scheme (MKCC) and other agri loan schemes of the bank.A BoM spokesperson in a statement issued on Wednesday said, “The bank provides short term loan to the farmers through Mahabank kisan credit card scheme..