Financing growth & transforming rural India.


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

Financing Development of Dairy, Poultry, Fishery, etc.

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

Financing Development of Dairy, Poultry, Fishery, etc. : Benefits

  • Processing charges Nil for Aggregate Loan upto Rs 3.00 Lakhs
  • Inspection charges Nil for Aggregate Loan upto Rs 3.00 Lakh
  • Margin Nil for loans upto Rs 1.00 Lakhs
  • Meets the capital expenditure and working capital requirements of units engaged Agri Allied activities

Financing Development of Dairy, Poultry, Fishery, etc. : Features

To meet capital expenditure and working capital requirements of units engaged in dairy, piggery, poultry, fishery, sericulture (up to cocoon stage), agriculture and rearing of sheep, goat and camel, for construction of animal sheds, pig houses, poultry sheds, etc. for purchase of milch animal such as cows, buffaloes, breeding pig, one day old chicks, layers, equipment/machinery, transport vehicles for purchase of feed and for meeting other expenses such as labour, marketing etc.

Financing Development of Dairy, Poultry, Fishery, etc. : Eligibility Criteria

All persons including small and marginal farmers and agricultural labourers engaged in agriculture and allied activities.

Financing Development of Dairy, Poultry, Fishery, etc. : Document Required

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

Financing Development of Dairy, Poultry, Fishery, etc. : 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 Lacs

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 Development of Dairy, Poultry, Fishery, etc. : Most Important Terms & Conditions (MITC)

Nature of facility
  • Term Loan: for capital expenditure
  • Cash Credit: for working capital
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
3 years & above and upto 5 One year MCLR+ SP+2.10%
Above 5 years and upto 7 years One year MCLR+ SP+2.15%
Margin
  • Upto Rs. 1.00 Lakhs - Nil
  • Over Rs. 1.00 Lakhs - 15 %
Repayment Period Term Loan: For purchase of milch cattle – 4-5 years. For fishery, piggery, apiculture, sericulture, etc. 3 to 7 years depending upon the economic viability of the scheme but not less than 36 months.
Security

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

Investment loans wherever moveable assets are created

  • Up to the cost of economic unit (wherever applicable) or Rs. 1 lac whichever is lower
    1. D.P. Note
    2. Hypo. of Assets
  • For loans above Rs.1 lac
    1. D.P. Note
    2. Hypo. of Assets
    3. Mortgage of land (#) or 3rd party Guarantee

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