Financing growth & transforming rural India.
Bank of Baroda, for rural India, with rural India.
Scheme for Financing under Agriculture Infrastructure Fund
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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 And Charges
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Most Important Terms and Conditions (MITC)
Scheme for Financing under Agriculture Infrastructure Fund : Benefits
- Interest Subvention of 3% for Loans up to limit of Rs 2 crore is available for a period of 7 years
- Credit Guarantee coverage will be available for eligible borrowers under credit guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme for loan upto Rs 2 crore.
- Rate of Interest is linked with MCLR and Credit Rating
- As per Govt. directives, the Scheme will be operational from 2020-21 to 2029-30
Scheme for Financing under Agriculture Infrastructure Fund : Features
- Financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through incentives and financial support in order to improve agriculture infrastructure
- The AIF scheme will be operational from 2020-21 to 2029-30.
Scheme for Financing under Agriculture Infrastructure Fund : Eligibility Criteria
Eligible Projects:
Post-Harvest Management Projects
- Supply Chain Services including e-marketing platform
- Warehouses
- Silos
- Pack houses
- Assaying Units
- Sorting & Grading Units
- Cold Chains
- Logistics facilities
- Primary processing centers
- Ripening Chambers
- Primary Processing of Cashew
Viable projects for building community farming assets
- Organic inputs production Units
- Bio stimulant production units
- Infrastructure for smart and precision Agriculture
- Projects identified for providing supply chain infrastructure for clusters of crops including export clusters.
- Projects promoted by Central/State/Local Governments or their agencies under PPP for building community farming assets or post harvesting management projects.
Eligible beneficiaries
- Primary Agricultural Credit Societies (PACS)
- Marketing Cooperative Societies
- Joint Liability Groups (JLG)
- Farmer Producer Organisations (FPOs)
- Self Help Groups (SHG)
- Multipurpose Cooperative Societies
- Agri-entrepreneurs
- Start-ups
- Aggregation Infrastructure Providers.
- Central/State agency or Local Body sponsored PPP Projects
Scheme for Financing under Agriculture Infrastructure Fund : 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)
Scheme for Financing under Agriculture Infrastructure Fund : Fees And Charges
Processing Charges:
- Nil Processing charges for aggregate loans upto Rs 3.00 Lakhs.
- Above Rs 3 Lakhs – 1% of the limit sanctioned with a maximum of Rs 100 lakhs
Inspection Charges:
- Nil Inspection Charges for aggregate loan upto Rs 3.00 Lakhs
- 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/-
Scheme for Financing under Agriculture Infrastructure Fund : Most Important Terms and Conditions (MITC)
| Nature of Facility | Term Loan | |||||||||||||||||||
| Repayment Period | Term loan to be repaid in 3 to 15 years (including the moratorium period of minimum of 6 months and maximum of 2 years). | |||||||||||||||||||
| Security |
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| Margin | A minimum of 10% of the project cost needed as promoter's contribution | |||||||||||||||||||
| Rate of Interest | For Limits up to Rs 2.00 crores: One Year MCLR plus 100 basis point (floating) subject to maximum of 9.00% for all Agricultural Infrastructure projects
For limit Above Rs 2.00 Crores:
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