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

Scheme for Financing under Agriculture Infrastructure Fund

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Fees And Charges
  • 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
  • For Loan up to Rs. 2 crore, Credit Guarantee coverage under CGTMSE is available to eligible borrowers
  • Hypothecation of movable structures/equipment/machinery purchased or created out of Banks finance
  • Mortgage of fixed assets land & buildings
  • Personal guarantee of Proprietors/Partners/Promoters/ Directors etc.
  • Any other security acceptable to the Bank
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:

Internal Credit Rating Immovable Property Security Coverage
Above 100% Above 75-100% Above 50-75% Below 50%
Cr-1 to CR-3 MCLR + SP+0.30% MCLR + SP+0.40% MCLR + SP0.65% MCLR + SP+0.90%
CR-4 to CR-6 MCLR + SP+0.65% MCLR + SP+0.90% MCLR + SP+1.15% MCLR + SP+1.40%

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