Financing growth & transforming rural India.
Bank of Baroda, for rural India, with rural India.
Financing Installation of Gobar Gas/Bio-gas Plants
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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 And Charges
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Most Important Terms & Conditions (MITC)
Financing Installation of Gobar Gas/Bio-gas Plants : Benefits
- Nil Margin for aggregate loan up to Rs. 1 lakh
- Low margin of 15% for loans above Rs 1.00 lakh
- Nil Processing charges for aggregate loan upto Rs 3.00 Lakhs
- Nil Inspection charges for aggregate loan upto Rs 3.00 Lakh
Financing Installation of Gobar Gas/Bio-gas Plants : Features
All persons who are not indebted to any other commercial bank and are staying within the manageable distance from the branch and whose repaying capacity are satisfactory will be considered for these loans.
Loans are provided for establishment of Bio gas plants which can be fed with any locally available biomass.
Financing Installation of Gobar Gas/Bio-gas Plants : Eligibility Criteria
Farmers having sufficient source of income for servicing the loan interest and installment.
Financing Installation of Gobar Gas/Bio-gas Plants : 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 Installation of Gobar Gas/Bio-gas Plants : Fees And 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 Installation of Gobar Gas/Bio-gas Plants : Most Important Terms & Conditions (MITC)
Nature of Facility | Term Loan | ||||||||||
Margin | Minimum 15% of the project cost | ||||||||||
Repayment Period | Shall not exceed 7 years in respect of loans for plants of size 2 Cubic Meters to 4 Cubic Meters and shall not exceed 5 years in respect of loans for plants of size 6 Cubic Meter and above | ||||||||||
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