Empowering farmers to enhance their farm productivity.

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

Financing Irrigation

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

Financing Irrigation : Benefits

  • Nil Margin for Aggregate loan up to Rs. 1 lakh
  • Nil Processing charges for Aggregate loan upto Rs 3.00 Lakhs
  • Nil Inspection charges for Aggregate loan upto Rs 3.00 Lakh
  • Provides Long term repayment option.

Financing Irrigation : Features

Provides financial assistance for different type of structures for the purpose of irrigation.

Financing Irrigation : Eligibility Criteria

All persons engaged in cultivation of crops as owners of land or permanent tenants or lease-holders (for a reasonably long period).

Financing Irrigation : 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 Irrigation : Fees & Charges

Processing charges:

  • Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil
  • 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 Irrigation : Most Important Terms and Conditions (MITC)

Repayment Period Maximum period 9 years depending upon purpose of investment and economic life of asset.
Up to the cost of economic unit (wherever applicable) or Rs. 1.60 Lakhs whichever is lower D.P. Note Hypo. of Assets
For loans above Rs.1.60 lakh D.P. Note
- Hypo. of assets.
- Mortgage of land or 3rd party Guarantee.
Rate of Interest
Limit upto Rs.3 Lakhs One year MCLR+ SP
Limit above Rs.3 Lakhs and < 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%
  • Loan limit up to Rs. 100,000/-: Nil
  • Loan limit above Rs. 100,000/- : 15%
Other Informations
  • Borrower should produce a feasibility certificate in respect of tubewell from the appropriate authority.
  • In case of river lift irrigation project, permission from Collector / appropriate authority should be obtained.
  • Borrower should give an undertaking to buy equipment with BIS specifications.
  • Digging of wells will be financed only in areas characterized by Groundwater Directorate suitable for irrigation.
  • Deepening of wells will be financed only in areas demarcated by the State Groundwater Directorate as suitable for deepening.
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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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