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)

  • Features
  • Most Important Terms and Conditions (MITC)
Particulars Guidelines under the scheme
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 for use under above Structures
Eligibility
  • 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.
Period of loan and repayment
  • Cash Credit: For 12 months subject to renewal thereafter.
  • Term Loan: Repayable in 3 to 7 years period including moratorium of 3 to 12 months depending upon the purpose of loan, economic life of asset and cash flow of the activity.
  • Repayment of the Term Loan can be fixed at monthly/quarterly/half yearly/yearly rests.
Nature of Facility Term Loan
Quantum of loan Need based funding without any ceiling.
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.
Margin Loan limit up to Rs. 1 lakh: Nil
Loan limit of above Rs. 1 lakh: Minimum 15% of the total project cost
Tenure of loan & repayment
  • Repayable in 3 to 9 years period.
  • Moratorium period- 3 to 12 months subject to cash flow of the project.
  • Repayment of the term loan can be fixed monthly/quarterly/half yearly/yearly.
Security
Up to the cost of economic unit (wherever applicable) or Rs. 1.6 lakh whichever is lower
  • Hypothecation of crops
  • Hypothecation of structure/equipment’s/machinery purchased or created out of bank finance.
For loans above Rs. 1.6 lakhs
  • Hypothecation of assets like crop, livestock, equipment, machines etc, created out of bank's finance.
  • Mortgage of assets created on Land
  • Third party guarantee, wherever applicable.
Rate of Interest
Limit Rate applicable
Upto Rs. 3 lakhs One year MCLR + SP
Above Rs. 3 lakhs to Rs. 25 lakhs One year MCLR + SP + 1.25%
Limit Rs. 25 lakhs and above
Above 3 years to 5 years One year MCLR + SP + 2.10%
Above 5 years to 9 years One year MCLR + SP + 2.15%
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
Rate of Interest
Limit Applicable ROI
Upto Rs 3.00 Lakhs One Year MCLR+ SP
>Rs 3.00 Lakhs - < rs="" 25.00="" /> 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 Pre-Inspection charges nil for loans upto Rs 3.00 Lakhs
  • Pre-payment Charges- Nil

Related Products

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  • Agriclinics Agribusiness Centres by Agriculture Graduates

  • Scheme for Financing NBFC-MFIs

  • Baroda Animal Husbandry and Fisheries Kisan Credit Card (BAHFKCC) Scheme

  • Baroda Kisan Credit Card (BKCC)

  • Baroda Kisan Tatkal Loan Scheme

  • Baroda Sanitation Scheme

  • Construction Of Storage Structure Projects

  • Cultivation of Crops (Excluding Plantation and Horticultural Crops)

  • Financing Against Warehouse Receipt

  • 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

  • Financing of Joint Liability Groups

  • Financing Tractors and Heavy Agriculture Machinery

  • Financing Under Self Help Groups (SHGs)

  • Installation of Gobar Gas/Biogas Plants

  • Installation of Solar Home Lighting Systems

  • 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

  • New Scheme for Tractor

  • Overdraft Scheme for Working Capital Assistance to the Food Agro Processing Unit

  • Planters Card Scheme

  • Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM 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)

  • Scheme for Financing under Agriculture Infrastructure Fund

  • Scheme for Purchase of Agriculture Land

  • Shahari Bagwani Yojna

  • Silos/Godowns for Storage of Agriculture Produce

  • Scheme for Development of Horticulture

  • Scheme for Financing Compressed Biogas (CBG)

  • Scheme for Financing Facility under PM Formalization of Micro Food Processing

  • Two Wheelers (Motorcycle/Scooter) Loan to Farmer

  • Warehouse/Storage Receipts to Food and Agro Unit Enjoying Credit Facility with our Bank

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