IOB in Sriram Nagar provides loans for home gardening


You have a nice patch of open land. And you wish to landscape it. Or perhaps develop a kitchen garden. And it will help you if you got a small loan to get this done.

Turn to Indian Overseas Bank in Sriram Nagar off TTK Road.

The bank has launched a new product IOB – Urban Horticulture, to promote greenery in cities and help households or business enterprises to develop roof gardens or kitchen garden or even landscape the campus.

S. Siva Kumar, Chief Manager says that loans can be advanced to individuals as well as small companies. “You will need to show us that you have the space for the purpose,” he says.

Kumar says that the bank is keen to encourage people to raise kitchen or flower or roof gardens. He says that many peoplenow own small farmlands in the city suburbs but do little to develop them.

Loans range from Rs.2.5 lakhs for individuals to Rs.25 lakhs for institutions.

You can call IOB’s Siva Kumar at 9003148278 / 24997205.

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