Helping millions of Indian farmers benefit from our schemes.

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

Financing Agencies Providing Custom Services To Farmers

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

Financing Agencies Providing Custom Services To Farmers : Benefits

  • Attractive Interest Charges
  • Processing charges Nil for Aggregate Loan upto Rs 3.00 Lakhs
  • Inspection charges Nil for Aggregate Loan upto Rs 3.00 Lakh
  • Low Margin: Upto 15%
  • Long repayment period of 7 Years
  • Covering activities involved in providing custom services to farmers.

Financing Agencies Providing Custom Services To Farmers : Features

Credit facilities may be considered for activities providing custom services to farmers like :

  • Purchase of tractor, bulldozer
  • Purchase of fixed wing aircrafts and helicopters together with the accessories for aerial spraying
  • Purchase of drilling rig for boring wells/drilling of tube wells
  • Purchase of equipment for construction of wells and /or execution of lift irrigation scheme for water supply service
  • Purchase of combine harvesters, threshers, etc. for hiring on custom basis
  • Establishment of cold storage units for providing cold storage facilities to farmers on rental basis
  • Construction of godowns, stores, warehouses for providing storage facilities to farmers on rental basis
  • Purchase of truck and trailer units to be hired to farmers for transporting farm produce from farms to processing factories or market yards.
  • Purchase of combine harvesters
  • Purchase of Excavator for earth works acquiring tankers engaged in transportation of milk
  • Acquiring specialized trucks for transportation of poultry birds
  • Purchase of bullock cart
  • Establishing curing barns for tobacco
  • Providing canning and processing facilities to farmers on custom basisFinancing capital expenditure and working capital requirements of organizations or institutions carrying out farming operations on contract basis
  • Providing processing/grading facilities at market yards on hire basis.

Financing Agencies Providing Custom Services To Farmers : Eligibility Criteria

All individuals, entrepreneurs, organizations, institutions, corporations such as Agro Industries Corporations, market yards or authorised licensee in market yards, warehouses, panchayats and agro service centres who are capable of carrying out such activities and have viable schemes for providing custom services to farmers.

Financing Agencies Providing Custom Services To Farmers : Document Required

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

Financing Agencies Providing Custom Services To Farmers : 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

For Term Loan

  • 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

Financing Agencies Providing Custom Services To Farmers : Most Important Terms & Conditions (MITC)

Margin 15 %
  • Term Loan:
    1. Hypothecation of machinery purchased out of bank finance
    2. Mortgage of land/building and/or third party guarantee where the limit exceeds Rs1, 00,000/-
  • Cash Credit:
    1. Pledge/hypothecation of stock-in-charge
Repayment Period
  • Term Loan: Maximum 7 years on monthly/quarterly/ half yearly annual installments based on income generation.
  • Cash Credit: 12 months subject to annual review
Rate of interest
Limit upto Rs.3 Lakhs
Other than Crop Loan 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%
3 years & above and upto 5 years One year MCLR+ SP+2.10%
Above 5 years and upto 7 years One year MCLR+ SP+2.15%
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Select Loans and Advances Type
  • Advances to Food Agro Based Units Under Agriculture
  • Financing Agriclinics & Agribusiness Centres by Agriculture Graduates
  • Baroda Animal Husbandry and Fisheries Kisan Credit Card (BAHFKCC) Scheme
  • Baroda Kisan Credit Card (BKCC)
  • Baroda Kisan Tatkal Loan Scheme
  • Cultivation of Crops (Excluding Plantation and Horticultural Crops)
  • Warehouse Receipt Financing
  • Financing Agencies Providing Custom Services To Farmers
  • Financing Construction of Farm Buildings Structures
  • Financing Development of Dairy, Poultry, Fishery, etc.
  • Financing Four Wheeler Loans to Farmer
  • Financing Irrigation
  • Joint Liability Group Loan
  • Financing Protected Cultivation Projects
  • Financing Tractors and Heavy Agriculture Machinery
  • Financing Under Self Help Groups (SHGs)
  • Financing Installation of Gobar Gas/Bio-gas Plants
  • Financing Solar Home Lighting Scheme
  • Lending to Agriculture Other Priority Sectors demand loan for financing against
  • Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)
  • Loan for Installation of Solar Photovoltaic Pump Sets
  • Tractor Loans
  • Overdraft Scheme for Working Capital Assistance to the Food Agro Processing Unit
  • Planters Card Scheme
  • Purchase of Estates/Orchards Growing Traditional Plantation Crops
  • Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)
  • Scheme for Financing Farm Development Activities
  • Scheme for Financing Mini Dairy Units
  • Scheme for Financing Pradhan Mantri Matsya Sampada Yojana (PMMSY)
  • Animal Husbandry Infrastructure Development fund (AHIDF)
  • Scheme for Financing under Agriculture Infrastructure Fund
  • Shahari Bagwani Yojana
  • Loans for Solis/Godowns for Storage of Agriculture Produce
  • Horticulture Loan Scheme
  • Scheme for Financing Compressed Biogas (CBG)
  • Financing under PM Formalization of Micro Food Processing Scheme
  • Two Wheelers (Motorcycle/Scooter) Loan to Farmer
  • Credit Facility for Food and Agro Business with Warehouse/Storage Receipts Loans

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