A package of abundances and value for your food business.


Now with a quick turnaround time.

Advances to Food Agro Based Units Under Agriculture

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Fees & Charges
  • Most Important Terms & Conditions (MITC)

Advances to Food Agro Based Units Under Agriculture : Benefits

  • New, existing Food and Agro based processing units can avail this facility
  • Individual, Proprietorship, Partnership concerns, Private, Public Limited companies and Limited Liability Partnership Concerns.
  • 50% concession towards unified Processing upfront and Documentation Charges
  • Collection Charges on collection of cheques: 100% waiver of the Collection charges on collection of cheques issued in favour of the Borrower by Food Corporation of India, Cotton Corporation of India.
  • Up to Rs. 50 crores with our bank(however, the aggregate sanctioned limit per borrower from the Banking system not to exceed Rs. 100 crores)
  • Margin:
    1. Stocks & Book Debts: 25 %
    2. Plant & Machinery: 25%
    3. Land & Building: 30%
  • ROI: depending on internal credit Rating and Immovable security coverage.

Advances to Food Agro Based Units Under Agriculture : Features

Scheme For Financing Units Engaged In Processing

  • Oil Mill/Solvent Extraction
  • Rice/Dal/Flour Mill
  • Seed Processing/Agro Processing
  • Food Processing
  • Cotton Ginning And Pressing Mills and cotton Seed Oil Extraction (Comprehensive Units)
  • Other activities permissible by the ministry of Food Processing Industries and as per RBI circular/ Guidelines.

Advances to Food Agro Based Units Under Agriculture : Eligibility Criteria

  • All Advances to new/existing (including take over from other banks) Food and Agro based processing units under "Agriculture".
  • Individual, Proprietorship, Partnership concerns, private Limited Companies, Public Limited companies and Limited Liability Partnership Concerns.
  • Other constitution of borrower permissible by the ministry of Food Processing Industries and as per RBI circular/ Guidelines.

Advances to Food Agro Based Units Under Agriculture : Document Required

  • KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
  • Passport Size photo
  • Quotation/Invoice
  • Land Records
  • Project Report
  • IT Return

Advances to Food Agro Based Units Under Agriculture : Fees & Charges

50% concession towards unified Processing upfront and Documentation Charges

Collection Charges on collection of cheques: 100% waiver of the Collection charges on collection of cheques issued in favour of the Borrower by Food corporation of India, Cotton Corporation of India.

Advances to Food Agro Based Units Under Agriculture : Most Important Terms & Conditions (MITC)

Nature of facility Term Loan/Demand Loan/Cash credit/Cash Credit against warehouse Receipt/ Bank Guarantee/ Letter of Credit/BP/BD, Export Credit Pre-shipment and post-shipment
Limit

Up to Rs. 50 crores with our bank(however, the aggregate sanctioned limit per borrower from the Banking system not to exceed Rs. 100 crores)

Sanctioned Limits above Rs. 50.00 crores and upto Rs. 100.00 crores will be considered with additional interest @1% over and above rate of interest applicable under this scheme

Margin
  • Stocks & Book Debts: 25 %
  • Plant & Machinery: 25%
  • Land & Building: 30%
Period 12 months for working capital. Upto 84 Months for Term Loan (Including upto 12 months of moratorium period) subject to annual review.
Repayment of term loan

In suitable monthly/quarterly instalment after initial moratorium period.

Total loan period not to exceed -84 months including moratorium period.

Rate of Interest
Rate of Interest on Advances to the units engaged in (i) Oil Mill/ Solvent Extraction (ii) Rice/ Dal/Flour Mill (iii) Seed Processing/ Agro Processing; and (iv) Food Frocessing, (v) Other activities permissible by the ministry of Food Processing Industries and as per RBI circular Guidelines having limits upto Rs.50.00 Crores With our Bank. under the Scheme Interest ranges from BRLLR+SP i.e. 7.10% p.a. at present to BRLLR +SP+ 5.00% i.e.12.10% p.a. at present depending on the credit Rating and Hard/immovable security coverage.
Rate of Interest on Advances to units engaged in Cotton Ginning and Pressing Mills and Cotton Seed Oil Extraction Activities (Comprehensive Units), having limits upto Rs.50.00 Crores with our Bank under the Scheme Interest Ranges from BRLLR +SP+ 0.75% to BRLLR +SP+ 5.25% p.a. at present depending on the credit Rating and Hard/immovable security coverage.

Add this website to home screen

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.