Bank of Baroda Launches Atmanirbhar Women Scheme

BoB launches Atmanirbhar Women Gold SchemeOn December 7, 2020 Sanjiv Chadha, Managing Director(MD) and Chief Executive Officer(CEO) of Bank of Baroda (BoB)  launched ‘Atmanirbhar Women Scheme’ virtually at BOB’s Ramamurthy Nagar branch, Bengaluru, Karnataka.

  • This launch is part of the bank’s Baroda Gold Loan.
  • The launch was also made simultaneously in 18 branches coming under 18 zones in India.

Purpose of Atmanirbhar Women Scheme- To help women to be self reliant

About Atmanirbhar Women Scheme:

i.Women can get loans at 0.50% concession, under this scheme.

ii.In addition to this, the bank also offers agri-gold loan at 0.25% concession and retail loan at 0.50% concession, under this scheme.

Points to be Noted

  • BoB was founded on 20 July 1908, by Maharaja Sayajirao Gaekwad III of Baroda.
  • It is a State-owned banking and financial services organization.
  • The Bank has sponsored 3 Regional Rural Banks(RRBs) namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Kshetriya Gramin Bank and Baroda Gujarat Gramin Bank.

Recent Related News:

On October 1, 2020 Indian Bank introduced Kisan credit card loan scheme for fishermen in TamilNadu. Under this scheme, loans up to Rs 2 lakh as working capital can be availed with 7% interest rate. This loan will be provided under the MUDRA scheme. The borrowers will be given a Rupay Kisan Credit Card.

About Bank of Baroda(BoB):

HeadOffice– Vadodara(earlier known as Baroda), Gujarat
Managing Director(MD) and Chief Executive Officer(CEO)– Sanjiv Chadha
Established– 20 July 1908
Tagline– India’s International Bank

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