Financing growth & transforming rural India.


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

Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc)

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

Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc) : Benefits

  • Margin Nil for Loan limit 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 Lakhs Pre-payment Charges- Nil
  • Need based funding without any ceiling
  • Provision of availing subsidy from National Horticulture Board (NHB) under “Development of commercial Horticulture through Production and Post-Harvest Management”.

Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc) : Features

Loan facilities may be considered for the following activities:

  • Towards construction of Green House/Poly house
  • Towards construction of Shade Net House
  • Towards construction of plastic tunnels & walk in tunnels
  • Towards construction of anti-bird/anti hail nets
  • Towards plastic mulching
  • Towards setting up of projects under hydroponics
  • Towards setting up of projects under aquaponics
  • Towards setting up of projects under aeroponics.
  • Towards purchase of components/equipment fo use under above Structures

Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc) : Eligibility Criteria

Individual farmers including Self Help Group (SHGs) or Joint Liability Groups (JLGs) i.e group of individual farmers and proprietorship firms of farmers, directly engaged in Agriculture and Allied Activities.

Landless agricultural labourers, tenants’ farmers, oral lessees and sharecroppers.

Corporate farmers (Private Limited Company, LLPs etc) Farmer Producer Organisations (FPOs)/ (FPCs) Companies of Individual Farmers, Partnership firms and Co-operatives of farmers engaged in Agriculture and Allied Activities.

Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics 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 Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc) : Fees & Charges

Pre-payment Charges- Nil

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 Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc) : Most Important Terms And Conditions MITC

Age Criteria

Individuals:

Minimum Age: 18 years
Maximum Age: No upper limit. However, if age of the applicant is more than 65 years, legal heir/(s) of applicant having age less than -65- years to be added as co-applicant and/or guarantor.

Non Individuals: No age criteria

Quantum of loan Need based funding without any ceiling
Nature of Facility Term Loan
Rate of Interest
Limit Applicable ROI
Upto Rs 3.00 Lakhs One Year MCLR+ SP
>Rs 3.00 Lakhs - < Rs 25.00 Lakhs One Year MCLR+ SP +1.25%
Limit Rs 25 lakhs and above
> 3 Years to 5 Years One Year MCLR+ SP + 2.10%
> 5 Years to 9 Years One Year MCLR+ SP + 2.15%
Security
Up to the cost of economic unit (wherever applicable) or Rs 1.60 Lakhs whichever is lower
  • Hypothecation of crops
  • Hypothecation of structure/ equipment/ machinery purchased or created out of bank finance
For loans above Rs 1.60 lakhs
  • Hypothecation of assets like Crop, livestock, Equipment’s, Machine etc created out of bank's finance
  • Mortgage of asset created out of bank finance
  • Mortgage/Charge on Land
  • Third party guarantee (if available)
Tenure of loan 3 to 9 years period depending upon the purpose of investment, economic life of asset and cash flow of the activity.
Moratorium Period A period of 3 to 12 months subject to cash flow of the project.
Other Information
  • The borrower should have experience or should have undergone training from relevant department/agencies in undertaking such projects
  • All statutory licenses, permissions from respective authorities /departments for setting up unit /project to be obtained
  • Processing and Inspection charges nil for loans upto Rs 3.00 Lakhs
  • Pre-payment Charges- Nil

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