Financing growth & transforming rural India.


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

Installation of Gobar Gas/Biogas Plants

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

Installation of Gobar Gas/Biogas 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

Installation of Gobar Gas/Biogas 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.

Installation of Gobar Gas/Biogas Plants : Eligibility Criteria

Farmers having sufficient source of income for servicing the loan interest and installment.

Installation of Gobar Gas/Biogas 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)

Installation of Gobar Gas/Biogas 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

Installation of Gobar Gas/Biogas 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
Security
Up to the cost of economic unit (wherever applicable) or Rs. 1 Lakhs whichever is lower - D.P. Note
- Hypo. of Assets
For loans above Rs.1 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 less than 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%

Add this website to home screen

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.