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

Horticulture Loan Scheme

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

Horticulture Loan Scheme : Benefits

  • Margin Nil for short term loan upto Rs 100000/-
  • Attractive Interest Charges
  • Nil Processing Charges for aggregate loan upto Rs 3.00 Lakhs
  • Nil Inspection Charges for aggregate loan upto Rs 3.00 Lakhs
  • Provision for availing subsidy from National Horticulture Board (NHB) under “Development of commercial Horticulture through Production and Post-Harvest Management”
  • Farmers, permanent Tenant, lease holder, SHGs, JLGs, Proprietorship, Partnership, LLP concerns, Private, Public Ltd. Companies are eligible to avail the loan.

Horticulture Loan Scheme : Features

For establishing new orchards or for maintenance of existing orchards, gardens, plantations and nurseries. All capital costs for development of orchards, gardens, plantations (including purchase and installation of machinery, construction of processing houses etc.) and maintenance costs (such as cost of plants, seedlings, grafts, fertilizers, insecticides, pesticides etc., wages and salaries of permanent employees such as supervisors, Malies etc. are financed under the scheme.

Horticulture Loan Scheme : Eligibility Criteria

All persons engaged in raising fruit gardens, plantations and nursery crops as owners of land or as permanent tenants or as lease-holders (for a reasonably long period)

Horticulture Loan Scheme : Document Required

  • KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
  • Passport Size photo
  • Land Record
  • Quotation/Invoice (if available)
  • Project Report (if available) IT Returns (if available)

Horticulture Loan Scheme : Fees & Charges

Processing charges:

  • Waived upto Aggregate Agriculture exposure upto Rs. 3.00 Lakhs
  • Above Rs 3 Lakhs - DL/TL 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

Horticulture Loan Scheme : Most Important Terms & Conditions (MITC)

Nature of Facility Term Loan (for capital expenditure)
Cash credit (for working capital)
Margin Norms
Category Category Margin Required
Crops Loans/Short Term Loans
(a) Loan limit up to Rs. 100,000/-
(b) Above Rs. 100,000/- 15%
b. Term Loans
  • Loan limit up to Rs. 100,000/-
  • Loan limit above Rs. 100,000
Tractor and heavy agri. Machinery Other loans
*10% or as specified in the special schemes
Repayment Period
  • Term Loan: Maximum period of repayment 5 to 7 years excluding moratorium period
  • Cash Credit: 12 months subject to annual review
Security Norms
Upto Rs. 1,60,000/- - D.P. Note
- Hypo. of crops
Above Rs.1,60,000 - D.P. Note
- Hypo. of crops
- Mortgage of land or third party guarantee etc.
Interest Rate
Limit upto Rs.3.00 Lakhs
Other than Crop Loan: 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
For CC/OD & DL of Loan period less than -3- years One year MCLR+ SP+2.00%
For Loan period -3- years and above
3 years & above and upto 5 years One year MCLR+ SP+2.10%
Above 5 years and up to 7 years. One-vear MCLR+ SP+2.15%

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