Financing growth & transforming rural India.
Bank of Baroda, for rural India, with rural India.
Installation of Gobar Gas/Biogas Plants
| Particulars | Guidelines under the scheme |
|---|---|
| Purpose | Aim is to provide finance to farmers for solar energy home lighting system in rural and semi-urban places for renewable source of energy. |
| Eligibility | Farmers having sufficient source of income for servicing the loan interest and installment. However, focus would be on our existing BKCC holders who do not have reliable source of electricity for domestic purpose. |
| Quantum of Loan | The maximum loan amount will not exceed Rs. 50,000. |
| Nature of Facility | Term Loan |
| Rate of Interest | As per RBI/bank’s guidelines revised from time to time. |
| Margin | 15% of the project cost. |
| Repayment Period | The loan is to be repaid within 5 to 7 years. |
| Security | Hypothecation of solar system. |
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