Empowering farmers to enhance their farm productivity.

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

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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%