A package of abundances and value for your food business


The perfect overdraft facility, now with a quick turnaround time.

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

Particulars Guidelines under the scheme

Purpose

Providing for working capital requirements.

Eligibility

  • All advances to new/existing (including take over from other banks) Food and Agro-based processing units under “Agriculture” Individual, Proprietorship, Partnership Concerns, Private Limited Companies, Public Limited companies and Limited Liability Partnership Concerns.
  • If trading activities are also undertaken by the unit, the ratio of trading sales in total sales should not be more than 49% in a financial year.

Quantum of Loan

  • Minimum limit - Rs. 10 lakhs
  • Maximum - Rs. 400 lakhs

Nature of facility

Overdraft limit

Rate of Interest

As per RBI/bank’s guidelines revised from time to time.

Margin

40% of the realizable value of the property mortgaged. Two valuations for cases where the valuation is more than Rs. 200 lakhs.

Repayment Period

12 months

Security

Mortgage of factory land and building and/or any other property (land & building) belonging to unit or promoters of the unit, or close relatives of the promoters, viz., father, mother, spouse, son, etc.

Related products

  • New Scheme for Tractor

  • Advances to Food Agro Based Units Under Agriculture

  • Agriclinics Agribusiness Centres by Agriculture Graduates

  • Scheme for Financing Farm Development Activities

  • 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.

  • Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)

  • Financing Four Wheeler Loans to Farmer

  • Financing Irrigation

  • Financing of Joint Liability Groups

  • 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)

  • 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 for Installation of Solar Photovoltaic Pump Sets

  • Scheme for Financing Mini Dairy Units

  • Scheme for Financing NBFC-MFIs

  • Scheme for Financing Pradhan Mantri Matsya Sampada Yojana (PMMSY)

  • Scheme for Financing under Agriculture Infrastructure Fund

  • Scheme for Purchase of Agriculture Land

  • Shahari Bagwant Yojna

  • Silos/Godowns for Storage of Agriculture Produce

  • Two Wheelers (Motorcycle/Scooter) Loan to Farmer

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

  • Planters Card Scheme

  • Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)

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

  • Purchase of Estates/Orchards Growing Traditional Plantation Crops

  • Scheme for Development of Horticulture

  • Scheme for Financing Compressed Biogas (CBG)

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

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