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IOB to coordinate with farmers in enhancing rice output

The nationalised Indian Overseas Bank (IOB) today opened its new regional office Puducherry today. - PNB to grant collateral free loans up to 1 cr - RBI model to provide banking services in remote areas - IIFCL to sign $700 mn loan agreement with ADB - Bank of Maharashtra to raise Rs 300 cr - LIC launches second micro insurance product - SBI slashes interest rates for agri loans Speaking on the occasion, S A Bhat, Chairman and Managing Director of IOB asked agricultural officers and staff attached to the agriculture wing of the bank to coordinate with farmers to generate awareness among them the relevance of "system of rice intensification" to boost rice production. He also handed over loans to beneficiaries under various schemes. Bhat said the SRI system was very effective as the yield per hectare would be 6.7 ton as against two ton getting under conventional cultivation.


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