Financing Growth and Transforming Rural India.


Bank of Baroda, for rural India, with rural India.

Scheme for Financing Farm Development Activities

Particulars Guidelines under the scheme
Features
  • Land Reclamation and Soil Improvement
  • On Farm development work
  • Soil and Water Conservation
  • Other activities like Land Clearance, levelling and shaping, Contour/ Graded bunding, Bench Terracing for hilly areas, contour stone walls, staggered contour trenches, Disposal Drains, formation of roads, Reclamation of saline/ alkaline/ ravine soils, Fencing etc
Eligibility
  • Individual farmers including Self Help Groups (SHGs) or Joint Liability Groups (JLGs) i.e, groups of individual farmers) and Proprietorship firms of farmers, directly engaged in Agriculture and Allied Activities.
  • Landless agricultural labourers, tenant farmers, oral lessees and sharecroppers
  • Corporate farmers, Farmer Producer Organisations (FPOs)/(FPC) Companies of Individual Farmers, Partnership firms and Co-operatives of farmers engaged in Agriculture and Allied Activities
  • Staff and their relatives.
Nature of Facility Demand Loan /Term Loan
Quantum of Loan Minimum: No minimum ceiling.
Maximum: Maximum Limit of Rs 2.00 crores.
Margin For aggregate exposure limit up to Rs 1.00 Lakh
For aggregate exposure limit above Rs 1.00 Lakh up to Rs 3.00 lakhs: 10%
For aggregate exposure limit above Rs 3.00 Lakh: 15%
Rate of Interest Rate of interest will be applicable as per Bank's extant guidelines.
Period of loan and repayment

Small & Marginal Farmers/SHG/JLG/FPO/FPC:

Maximum -180- months.

Others:

Maximum -84- months.
Moratorium/ Holiday period

Small & Marginal Farmers/SHG/JLG/FPO/FPC:

Maximum: 23 months

Others:

Maximum: 11 months.
Instalments Monthly/quarterly/Half-yearly/yearly.
Collateral Security Up to Rs. 1.6 lakhs:
Hypothecation of crops/produces/assets created out of Bank's finance.
Above Rs. 1.6 lakhs:
  • Hypothecation of crops/produces/assets created out of Bank's finance
  • Mortgage/Lien/charge on land and/or EM on any immovable properties
  • Third Party Guarantee (if available)

Related products

  • New Scheme for Tractor

  • Advances to Food Agro Based Units Under Agriculture

  • Agriclinics Agribusiness Centres by Agriculture Graduates

  • Baroda Animal Husbandry and Fisheries Kisan Credit Card (BAHFKCC) Scheme

  • Baroda Kisan Credit Card (BKCC)

  • Baroda Kisan Tatkal Loan Scheme

  • Baroda Sanitation Scheme

  • Construction Of Storage Structure Projects

  • Cultivation of Crops (Excluding Plantation and Horticultural Crops)

  • Financing Against Warehouse Receipt

  • Financing Agencies Providing Custom Services To Farmers

  • Financing Construction of Farm Buildings Structures

  • Financing Development of Dairy, Poultry, Fishery, etc.

  • Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)

  • Financing Four Wheeler Loans to Farmer

  • Financing Irrigation

  • Financing of Joint Liability Groups

  • Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc)

  • Financing Tractors and Heavy Agriculture Machinery

  • Financing Under Self Help Groups (SHGs)

  • Installation of Gobar Gas/Biogas Plants

  • Installation of Solar Home Lighting Systems

  • Lending to Agriculture Other Priority Sectors demand loan for financing against

  • Loan for Installation of Solar Photovoltaic Pump Sets

  • Overdraft Scheme for Working Capital Assistance to the Food Agro Processing Unit

  • Scheme for Financing Mini Dairy Units

  • Scheme for Financing NBFC-MFIs

  • Scheme for Financing Pradhan Mantri Matsya Sampada Yojana (PMMSY)

  • Scheme for Financing under Agriculture Infrastructure Fund

  • Scheme for Purchase of Agriculture Land

  • Shahari Bagwant Yojna

  • Silos/Godowns for Storage of Agriculture Produce

  • Two Wheelers (Motorcycle/Scooter) Loan to Farmer

  • Warehouse/Storage Receipts to Food and Agro Unit Enjoying Credit Facility with our Bank

  • Planters Card Scheme

  • Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)

  • Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme)

  • Purchase of Estates/Orchards Growing Traditional Plantation Crops

  • Scheme for Development of Horticulture

  • Scheme for Financing Compressed Biogas (CBG)

  • Scheme for Financing Facility under PM Formalization of Micro Food Processing

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