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Bank of Baroda, for rural India, with rural India.
Scheme for Financing Compressed Biogas (CBG)
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Benefit
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Features
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Eligibility Criteria
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Documents Required
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Fees & Charges
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Most Important Terms and Conditions (MITC)
Scheme for Financing Compressed Biogas (CBG) : Benefit
- Compressed Bio Gas Plant with minimum designed capacity of CBG Plant is 2.0 Tons per day can be financed.
- Competitive Rate of Interest.
Scheme for Financing Compressed Biogas (CBG) : Features
- Loan for setting up of Compressed Bio Gas Plant.
- Type of Facility available: Working Capital, Term Loan, Bank Guarantee or LC
Scheme for Financing Compressed Biogas (CBG) : Eligibility Criteria
- Eligible Projects: Compressed Bio gas plant across India with minimum designed capacity of CBG plant is 2.0 Tons per day.
- Eligible Beneficiaries: Entrepreneurs viz. Sole Proprietorship, Partnership, Limited Liability Partnerships, Companies and cooperatives societies and other constitution of borrowers permissible by Ministry of Petroleum and Natural Gas who have been awarded Letter of Intents(LOI) by Oil Marketing Companies (OMC) for production and supply of Compressed Bio Gas (CBG).
Scheme for Financing Compressed Biogas (CBG) : Documents Required
- Application Form
- Two Passport sized Photographs
- ID Proof like Driving License, Aadhaar Card, Voter ldentity Card, passport etc.
- Document stating Land holding details duly certified by the Revenue authorities/Online Land Records
- Letter of indent issued by MNRE
Scheme for Financing Compressed Biogas (CBG) : Fees & Charges
Unified Processing Charges as applicable from time to time.
Scheme for Financing Compressed Biogas (CBG) : Most Important Terms and Conditions (MITC)
Purpose | A financing scheme to set up a Compressed Biogas Plant. |
Eligible Projects | Compressed Bio Gas plants across India with a minimum design capacity of CBG plant i.e., 2 tons per day. |
Eligible beneficiaries | Entrepreneurs viz., sole proprietorship, partnerships, limited liability partnership, companies and cooperative societies and other constitution of borrowers permissible by Ministry of Petroleum and Natural Gas who have been awarded Letter on Intents (LOI) by Oil Marketing Companies (OMC) for production and supply of Compressed Bio Gas (CBG). |
Margin |
Working Capital: 25% Term Loan: 30% |
Loan Tenure & Repayment |
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Security |
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Rate of Interest |
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Subsidy | As per the notification of the Ministry of New and Renewable Energy, Central Finance Assistance (CFA) of Rs. 4 crores per 4,800 Kg of CBG per day generated from 12,000 cubic meters of Biogas per day with a maximum of Rs. 10 crore per project. |