Helping millions of Indian farmers benefit from our schemes.
Bank of Baroda, for rural India, with rural India.
Construction Of Storage Structure Projects
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Benefits
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Features
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Eligibility Criteria
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Document Required
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Fees & Charges
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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 |
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Nature of Facility |
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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 |
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Repayment | For Term Loan
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Rate of Interest |
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