Indian Overseas Bank Fuels Growth with Rs 202.65 Crore Disbursement in Mega Outreach Program

Indian Overseas Bank hosted a mega outreach event in Thanjavur, disbursing Rs 202.65 crore to 2,634 beneficiaries. The initiative focused on Self-Help Groups and agriculture, aiming to foster financial literacy, skill training, and digital inclusion. The program underlined IOB's dedication to women's empowerment and agricultural transformation.

Devdiscourse News Desk | Chennai | Updated: 03-08-2025 17:34 IST | Created: 03-08-2025 17:34 IST

Indian Overseas Bank Fuels Growth with Rs 202.65 Crore Disbursement in Mega Outreach Program — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

Country:
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In a significant move to boost agricultural growth and community development, Indian Overseas Bank (IOB) disbursed loans totaling Rs 202.65 crore during a mega outreach program in Thanjavur.

The event, attended by members of Self-Help Groups (SHGs), farmers, and NGO representatives from five districts, highlighted IOB's commitment to financial literacy and skill training.

Ajay Kumar Srivastava, IOB's managing director and CEO, emphasized the bank's role in expanding digital inclusion and fostering women's empowerment, affirming the initiative's alignment with goals for inclusive growth and agricultural transformation.

(With inputs from agencies.)