Helping millions of Indian farmers benefit from our schemes.


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

Redemption of Debts of Farmers from Non-Institutional Lenders

Particulars Guidelines under the scheme

Purpose

A redemption provided to mitigate acute distress faced by farmers due to the heavy burden of debt availed from non-institutional lenders (money lenders, agro input dealers, traders in agri produce etc.).

Eligibility

  • Existing farmer borrowers with regular repayment.
  • Farmers whose accounts were re-phased due to reasons beyond their control.

Quantum of Loan

  • For Tenant Farmers: The existing guidelines i.e., maximum loan amount of Rs. 25,000 will continue.
  • For Agri Labourers: The amount of loan will be decided on the basis of repaying capacity.

Nature of Facility

  • Demand Loan
  • Term Loan

Rate of Interest

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

Margin

Nil

Repayment Period

Maximum up to 10 years.

Security

  • For Farmers: Charge on land.
  • For Tenant farmer/Agri Labourer: Third party guarantee and/or asset charged to the non-institutional lender.

Related Products

  • New Scheme for Tractor

  • Advances to Food Agro Based Units Under Agriculture

  • Agriclinics Agribusiness Centres by Agriculture Graduates

  • Agricultural Land Development Loan

  • Baroda Animal Husbandry and Fisheries Kisan Credit Card (BAHFKCC) Scheme

  • Baroda Kisan Credit Card (BKCC)

  • Baroda Kisan Group Loan Scheme

  • Baroda Kisan Tatkal Loan Scheme

  • Baroda Sanitation Scheme

  • Commercial Production Units of Organic Inputs

  • Construction Of Storage Structure Projects

  • Construction of Toilets under Swachh Bharat Abhiyan

  • Cultivation of Crops (Excluding Plantation and Horticultural Crops)

  • Distribution of Agricultural Inputs such as Seed Fertilizers, Insecticides, etc.

  • Finance for Purchase of Smartphones for Farmers

  • Financing Against Warehouse Receipt

  • Financing Agencies Providing Custom Services To Farmers

  • Financing Construction of Farm Buildings Structures

  • Financing Development of Dairy, Poultry, Fishery, etc.

  • Financing Farmer Producer Companies (FPC)

  • Financing Four Wheeler Loans to Farmer

  • Financing Irrigation

  • Financing of Joint Liability Groups

  • 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

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

  • 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

  • SHGS/JLGS in Partnership with Corporate BC

  • 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

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

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