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Thursday, Sep 23, 2004

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Money & Banking - Public Sector Banks


Indian Bank launches four loan schemes

Our Bureau

Chennai , Sept. 22

INDIAN Bank on Monday said that it is launching four new schemes.

The IB-BPO Finance is targeted at companies in the BPO business.

The IB-Shanti Niketan offers finance to working women hostels/student hostels, run by Registered Trusts, NGOs, individuals owning property, registered firms, schools and colleges, HUFs, and individuals offering `paying guest' facility.

Under the Shanti Niketan scheme, the finance provided will be up to Rs 25 lakh, with the minimum set at Rs 2 lakh.

IB - Aayushman offers finance for gym/fitness centres and individuals buying such equipment,.

The IB - Doctor Plus targets registered medical practitioners including Indian medicine doctors, individuals, partnerships, limited companies and trusts whose key promoters are qualified doctors.

Finance will be available under the Doctor Plus plan up to a maximum of Rs 10 lakh for facilities set up in the rural and semi-urban areas and Rs 15 lakh in the urban areas

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