BoM gives Maharashtra Rs 2.5 cr towards draught relief


Bank of Maharashtra (BoM) has contributed Rs 2.51 crore towards Maharashtra Chief Minister’s Relief Fund (Drought – 2013) for drought relief as part of its CSR program.
The cheque was handed over to Prithviraj Chavan, Chief Minister, Maharashtra by Narendra Singh, CMD of the bank, recently. S Bharatkumar, GM, Planning and P M Khan, GM, Mumbai City Zone Bank of Maharashtra and Atul Joshi, branch head were also present on the occasion.   
The State of Maharashtra is reeling under extreme drought condition. Bank of Maharashtra, being the convener of SLBC has taken various initiatives including sanction of fresh loans to the existing as well as new borrowers to resume productive activities immediately; Restructuring of existing loans with further extended repayment period upto 5 years; Providing affected farmers diverse term loans; Ensuring assistance with speed; Rehabilitation of  small scale and cottage units; Sanctioning of need based consumption loans without any collaterals; Empowering the branch managers with adequate discretionary powers to speed up the  rehabilitation process. [H]