Agriculture being the back bone of the Indian Economy, Bank of Baroda has contributed significantly in accelerating the pace of rural development by providing finance to farmer.

The mode of finance covers activities for:

• purchase of new tractor,
• tractor drawn implements,
• power tiller and other agriculture machines etc.

Eligibility:
Progressive, literate and illiterate farmers engaged in cultivation of crops as owner of land, permanent tenants or leaseholders (for reasonably long period) and who utilize the tractor/ machinery economically to the minimum extent of 50% on their own land holding.

• Should have perennially irrigated land of 4 acres under high value crops ( tractors to farmer with land holding below 6 acres of irrigated land is considered for tractors with horse power upto 35 hp.)
• Should cultivate high value commercial crops such as sugarcane, grapes, bananas & vegetables.
• Should have progressive outlook in adoption of improved farm practices and modern agriculture technologies.

Nature Of Facility: Term loan

Repayment Schedule
Repayment period is fixed on quarterly/ half yearly or annual basis, based on income generation from crops taken and off farm activities of the farmer. The maximum repayment period is 9 years for tractors and 7 year for power-tiller.

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> Baroda Kisan Credit Card (BKCC)
> Agricultural Implements
> Tractors and Heavy Agricultural Machinery
> Financing Second Hand Tractors
> Cultivation of Crops
> Farm Produce Marketing Loan
> Irrigation Potential
> Dealers of Agriculture Inputs
> Financing Agencies Providing Custom Services To Farmers
> Providing Employment To Unemployed Technical Personnel Through Agro Service Centers
> Agriclinics and Agribusiness Centers by Agriculture Graduates
> Financing Construction of Farm Building and Structures
> Construction / Expansion / Modernisation / Renovation of rural godown
> Development of Horticulture
> Land Development
> Scheme for Loan Against Gold Ornaments / Jewellery
> Dairy, Poultry, etc.
> Financing Scheduled Caste/Scheduled Tribes
> Scheme for purchase of Agricultural land
> Scheme For Construction Of Sanitation Facilities In Rural Areas