Indian Overseas Bank (IOB), a major nationalized bank based in Chennai, is observing August and September as “Farmers’ Month”.
The Chief Regional Manager of Indian Overseas Bank, Coimbatore Region, Mr. G.V. Koorse, said that every year the bank conducted programmes for farmers to enlarge its credit to the priority sector. It was looking at increasing the credit to farmers in this region and the focus during these two months would be on agricultural and allied activities.
A.K. Bansal, Executive Director of bank, distributed loans to 283 beneficiaries for agricultural and related activities such as mushroom cultivation, poultry, dairy, and farm machinery.