Financing Growth and Transforming Rural India.
Bank of Baroda, for rural India, with rural India.
Scheme for Financing Farm Development Activities
-
Benefits
-
Features
-
Eligibility Criteria
-
Document Required
-
Fees And Charges
-
Most Important Terms & Conditions (MITC)
Scheme for Financing Farm Development Activities : Benefits
- Margin Nil for limit up to Rs. 1 lakh
- Processing charges Nil for Aggregate Loan upto Rs 3.00 Lakhs
- Inspection charges Nil for Aggregate Loan upto Rs 3.00 Lakh
- Minimum Loan amount: No minimum ceiling
- Maximum Loan of Rs 2.00 Crores can be availed
Scheme for Financing Farm Development Activities : Features
Providing financial assistance for all farm development activities which results in enhanced income of the farmer.
Loan is provided for various activities as
- Land Reclamation and Soil Improvement
- On Farm Development Works
- Soil and Water Conservation
- Other indicative list of activities
- Land clearance (removal of bushes, trees, etc.)
- Land leveling 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
Scheme for Financing Farm Development Activities : Eligibility Criteria
- 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 whose share of landholding is within the limits prescribed for Small and Marginal Farmers (lease holder should have lease for at least last 10 years)
- Corporate farmers, Farmer Producer Organisations (FPOs)/(FPC) Companies of Individual Farmers, Partnership firms and Co-operatives of farmers engaged in Agriculture and Allied Activities
Scheme for Financing Farm Development Activities : Document Required
- KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
- Passport Size photo
- Quotation/Invoice (if available)
- Land Records
- Project Report (if available)
- IT Returns (if available)
Scheme for Financing Farm Development Activities : Fees And Charges
Pre-Payment Charges- Nil
Processing charges:
- Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil
- Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.
Inspection Charges:
- Agriculture exposure upto Rs. 3.00 Lakhs- Nil
- Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
- Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
- Above Rs 1 Crore - Rs 5000
Scheme for Financing Farm Development Activities : Most Important Terms & Conditions (MITC)
| Age criteria | (As on the date of application): Minimum: Age of applicant should be 21 Years & for co-applicant/s should be 18 years. Maximum: 70 years. However if applicant's age is more than 60 years, one of his/her legal heir aged between 21-50 years has to be made as co-applicant |
| Eligibility Criteria | Minimum satisfactory Banking relationship of 6 months with our Bank |
| Nature of facility | Demand Loan /Term Loan |
| Quantum of Loan |
Minimum: No minimum ceiling Maximum: Rs 2.00 crores |
| Margin |
|
| Rate of Interest |
|
| Maximum Repayment period (Excluding moratorium period): |
|
| Moratorium/ Holiday period |
|
| Pre-payment Charges | Nil |
| Security |
Upto Rs. 1.60 Lakhs:
Above Rs.1.60 Lakhs:
|
