Financing growth & transforming rural India.
Bank of Baroda, for rural India, with rural India.
Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)
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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)
Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs) : Benefits
- Provides loan provision for various registered Farmer Producer Organisations
- Nil Pre- payment charges
- Nil Processing Charges for aggregate loan upto Rs 3.00 Lakhs
- Nil Inspection Charges for aggregate loan upto Rs 3.00 Lakhs
- Credit Guarantee is available for collateral free loans to FPCs/FPOs by various agencies like SFAC/NABARD/NCDC/ CGTMSE etc.
- Maximum Loan upto Rs 500 Lakhs
Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs) : Features
Loan facilities may be considered for any agriculture based activities by the FPC/FPO benefitting their farmer as
- For agriculture and allied activities viz. dairy, fishery, animal Husbandry, poultry, bee keeping etc.
- Purchase of Input material for supplying to the farmers.
- Warehouse receipt finance.
- Infrastructure for marketing activities.
- Setting up of Common Service centers / Common Facilities.
- Setting up of Processing Centre.
- Common Irrigation Facility.
- Custom Purchase/Hiring of Farm Equipment.
- Purchase of High-Tech Farming Equipment.
- Purchase of produce from members for forward linkage.
- On lending to members for their various agriculture needs as mentioned above.
- Other productive agricultural purposes - based on investment plan submitted.
Note: These are indicative list of activities, however applications may be considered for FPOs towards any other activities related to agriculture and allied activities.
Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs) : Eligibility Criteria
All registered Farmer Producer Organisations with at least 3 months of operations since registration.
Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs) : Document Required
- Complete Loan Application
- KYC Document of Directors.
- Last six months bank statement
- PAN, DlN, TlN, VAT etc. registration of FPCs
- Audited statement of last 2 years or at least six-month for new FPCs
- MoA and AoA of FPC
- List of Board of Director and office bearers
- Promoter's request letter addressed to the Bank Manager on original letter head of' FPC
- Equity/CA Certificate.
- Other document as per requirement of Credit Guarantee Scheme
- ROC Search Report
Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs) : Fees & Charges
- Pre- payment charges :Nil
- Processing charges:
- Waived upto Aggregate Agriculture exposure upto Rs. 3.00 Lakhs
- For Working Capital (Fresh/Review)
- Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250/- Lakhs or part thereof +GST
- Above Rs 10 Lakhs- Rs 350/lakh or part thereof maximum Rs 35.00 Lacs
- Term Loan:
- Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs
- Inspection Charges:
- Waived upto Aggregate Loan Agriculture exposure upto Rs. 3.00 Lakhs
- 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
Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs) : Most Important Terms and Conditions (MITC)
Quantum of Loan |
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Nature of Facility | Cash Credit/ Term Loan | |||||||||||||
Margin | Minimum 15% | |||||||||||||
Security Coverage |
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Period of Loan and Repayment |
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Repayment of the Term Loan | Can be fixed at monthly/ quarterly/Half yearly/Yearly rests based on the proposed activity / cash flow of the project considered for financing | |||||||||||||
Security |
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Rate of Interest |
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