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

Construction Of Storage Structure Projects

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

Construction Of Storage Structure Projects Benefits

  • Maximum Loan Amount is Rs 100 Cr
  • Low Margin requirement of 25% of the Project Cost
  • Collection Charges: 100% waiver of the collection Charges in favor of the borrower by Food Corporation of India
  • Long repayment period upto 15 Years

Construction Of Storage Structure Projects Features

Term Loan/Working Capital facilities may be considered for new projects as creation of scientific storage capacity viz. godowns, dry warehouses, cold storage, cold chains, silos and market yards.

Construction Of Storage Structure Projects Eligibility Criteria

  • Individual, Group of farmers/Growers , Registered FPOs
  • Partnership/Proprietorship Firms, Companies and Corporation
  • NGOs and SHGs
  • Autonomous Bodies of Governments
  • Cooperatives, Cooperatives marketing federations
  • State agencies including State Government Departments and autonomous organization/State owned corporations such as Agricultural Produce Market Committees & Marketing Boards, state warehousing corporations, State Civil Supplies Corporations etc.

Construction Of Storage Structure Projects Document Required

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

Construction Of Storage Structure Projects Fees & Charges

  • Processing charges: Nil upto Aggregate Loan Limit of Rs. 3.00 Lakhs
  • Inspection Charges: Nil upto Aggregate Loan Limit of Rs. 3.00 Lakhs
  • Collection Charges: 100% waiver of the collection Charges in favour of the borrower by Food Corporation of India.

Construction Of Storage Structure Projects Most Important Terms and Conditions MITC

Quantum of Loan
  • Minimum – Rs 25 Lakhs
  • Maximum loan Limit -Rs.100.00 Cr
Nature of Facility
  • Term Loan
  • Cash Credit
Margin 25% of the Project Cost
Period Based on business plan with a maximum period of 15 Years including moratorium period of Maximum of 2 Years
Security
  • Hypothecation of structure/equipment/machinery/purchased or created out of Bank’s Finance
  • Mortgage of Fixed assets like project land and building /shed
  • Personal guarantee of Proprietor/Partners / Promoters/Directors/Owner of the property offered as security
Repayment For Term Loan
  • Repayable in 3 to 15 Years (including maximum moratorium period of 24 Months) period depending upon the purpose of investment, economic life of asset and cash flow of the activity.
  • Repayment of the term loan can be fixed monthly/quarterly/half yearly/Yearly based on the requirement of the project and progress of work duly certified by the empanelled engineer and chartered Accountant. For Working Capital: 12 months with annual review
Rate of Interest
Internal Credit Rating Collateral Security
Above 100% Above 75-100% 50-75% 25-50%
CR-1 to CR-3 MCLR+SP+0.45% MCLR+SP+0.60% MCLR+SP+0.85% MCLR+SP+1.10%
CR-4 to CR-6 MCLR+SP+0.95% MCLR+SP+1.10% MCLR+SP+1.75% MCLR+SP+2.25%

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