Empowering farmers to enhance their farm productivity.


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

Cultivation of Crops (Excluding Plantation and Horticultural Crops)

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

Cultivation of Crops (Excluding Plantation and Horticultural Crops) : Benefits

  • Processing charges Nil for Aggregate Loan upto Rs 3.00 Lakhs
  • Inspection charges Nil for Aggregate Loan upto Rs 3.00 Lakh
  • Loan covers activities like cultivation, purchase of agricultural inputs and post-harvest activities.
  • Low Margin Requirement

Cultivation of Crops (Excluding Plantation and Horticultural Crops) : Features

Loan can be availed for various activities like

  • Cultivation of Crops
  • Purchase of agricultural inputs such as seeds, fertilizers, pesticides, etc. and for payment of Labour charges, irrigation cess, etc.
  • post -harvest activities

Cultivation of Crops (Excluding Plantation and Horticultural Crops) : Document Required

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

Cultivation of Crops (Excluding Plantation and Horticultural Crops) : Fees & Charges

Processing charges:

  • Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

For Working Capital (Fresh/Review)

  • Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250/- Lakh or part thereof +GST
  • Above Rs 10 Lakhs- Rs 350/lakh or part thereof maximum Rs 35.00 Lakhs

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 500
  • Above Rs 1 Crore - Rs 1000

Cultivation of Crops (Excluding Plantation and Horticultural Crops) : Most Important Terms & Conditions (MITC)

Cultivation of Crops (Excluding Plantation and Horticultural Crops)
Nature of Facility
  • Demand Loan
  • Cash Credit
Margin

For loans upto 1.60 Lakh

  • DP Note
  • Hypothecation of crops grown /assets to be created out of bank’s finance

For loans above 1.60 Lakh

  • DP Note
  • Hypothecation of crops grown /assets to be created out of bank’s finance.
  • Equitable Mortgage / Registered Mortgage of land or Third Party Guarantee
Repayment Period Generally 12 months; however, it can be extended upto 18 months in respect of crop with longer life period like sugarcane etc. Loan should be repaid in single installment preferably from the sale proceedings of crops.
Rate of Interest
Limit upto Rs.3 Lakhs One year MCLR+ SP
Limit above Rs.3 Lakhs and less than Rs.25 Lakhs One year MCLR+ SP+1.25%
Limit Rs.25 Lakhs and above
For CC/OD & DL of Loan period less than -3- years One year MCLR+ SP+2.00%

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