IOB’s Agri scheme to fight COVID-19

IOB

Indian Overseas Bank (IOB), has introduced special credit facilities for the Agriculture sector as a relief measure to fight against the pandemic Corona virus.

This scheme is valid up to 30th June, 2020. Working Capital demand Loan – Agri (WCDL-Agri) is available to all existing borrowers enjoying cash credit/ OD for sectors like Poultry, Dairy, fisheries and other allied activities and other infrastructure activities like cold storage & Rural go-downs. As per Bank’s rule only account that are Standard & Performing as on March 2020 are eligible to avail this loan facility.

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