Financing growth & transforming rural India.
Bank of Baroda, for rural India, with rural India.
Purchase of Estates/Orchards Growing Traditional Plantation Crops
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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 & Charges
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Most Important Terms & Conditions (MITC)
Purchase of Estates/Orchards Growing Traditional Plantation Crops : Benefits
- Processing charges Nil for Aggregate Loan upto Rs 3.00 Lakhs
- Inspection charges Nil for Aggregate Loan upto Rs 3.00 Lakh
- No penal Interest shall be charged for loan up to Rs 25000/-
- Long Repayment period of 7 Years
Purchase of Estates/Orchards Growing Traditional Plantation Crops : Features
For purchase of estates growing traditional plantation crops viz. coffee, tea, rubber, cardamom, cashew, pepper, coconut and other perennial orchard crops.
Purchase of Estates/Orchards Growing Traditional Plantation Crops : Eligibility Criteria
- The borrower should be engaged in agriculture activity as the owner of agriculture land, tenant farmers, oral leases, etc.
- The borrower should preferably have yielding estates and should be in a position to rejuvenate the state proposed to be purchased.
- The intending borrower should qualify the respective State Government norms of being agriculturist/satisfy the income criteria stipulated by the State Government.
Purchase of Estates/Orchards Growing Traditional Plantation Crops : 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 Return wherever applicable
Purchase of Estates/Orchards Growing Traditional Plantation Crops : Fees & Charges
- No penal Interest shall be charged for loan up to Rs 25000
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Processing charges:
- Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil
For Term Loan
- Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.
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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
Purchase of Estates/Orchards Growing Traditional Plantation Crops : Most Important Terms & Conditions (MITC)
| Valuation of estate | Value of estate shall be based on the lowest of (i) Market Value (II) Guidance value / circle rate fixed by the State (iii) Purchase consideration of the estate or (iv) Average price of sale transaction registered during last 5 years in the area | ||||||||||||||||||
| Security | Mortgage of the property to be purchased & hypothecation of plantation crops raised on the land / Estate. Collateral security in the shape of mortgage of the landed Properties preferably residential property is required. | ||||||||||||||||||
| Repayment Period | The loan should normally be repayable maximum within 7 years excluding moratorium period | ||||||||||||||||||
| Moratorium Period | Maximum upto 5 years depending upon the future cash generation from the project | ||||||||||||||||||
| Rate of Interest |
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