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In Dec 2020, the Bank of Baroda (BoB) has launched the Atmanirbhar Women Scheme as part of its Baroda Gold Loan. Under the scheme, the bank is offering loans at what percent concession for women?

In Dec 2020, the Bank of Baroda (BoB) has launched the Atmanirbhar Women Scheme as part of its Baroda Gold Loan. Under the scheme, the bank is offering loans at what percent concession for women? Correct Answer 0.50

The correct answer is 0.50%.

Key Points
  • In Dec 2020, the Bank of Baroda (BoB) has launched the Atmanirbhar Women Scheme.
  • It is a part of its Baroda Gold Loan.
  • Under this scheme, the bank will provide loans for -
    • Women at 0.5 percent concession.
    • Agri-gold loan at 0.25 percent concession 
    • Retail loan at 0.5 percent concession. 
  • The scheme was first time virtually introduced at BOB’s Ramamurthy Nagar branch in Bengaluru.
  • This scheme is designed to target self-sustained and empowered women in India.
  • The scheme will provide loan assistance for a group activity for rural women is ₹10 lakhs and for individuals, it should not exceed ₹ 50000/-.

 

Additional Information
  • The present  MD and CEO of Bank of Baroda are Sanjiv Chadha.
    • Headquarters-Vadodara.
    • The government of India had merged Bank of Baroda, Vijaya Bank, and Dena Bank on September 17, 2018.

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