Helping millions of Indian farmers benefit from our schemes.


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

Shahari Bagwani Yojna

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

Shahari Bagwani Yojna : Benefits

  • Proprietary or partnership firms, trusts and societies, privately owned schools, Offices, guest houses, hospitals and hotels having at least 1000 square feet of open space can be financed under this scheme.
  • Maximum amount of loan is Rs. 3 Lakhs for individual and Rs. 30 Lakhs for institutions.
  • Margin: Up to Rs. 1.00 Lakhs – Nil & Above Rs. 1.00 Lakhs – 15%
  • Repayment - Maximum 24 month for individuals and 36 month for institutions.

Shahari Bagwani Yojna : Features

Proprietary or partnership firms, trusts and societies, Privately owned schools, Offices, guest houses, hospitals and hotels having at least 1000 square feet of open space can be financed under this scheme. Should possess independent house having 500 sq. ft of open space for gardening.

Should have regular source of income.

  • A unit cost of Rs.33,000/- will be considered for every 1000 square feet of garden space.
  • Minimum Area measuring 500 square feet is required for this purpose.

Shahari Bagwani Yojna : Eligibility Criteria

Individual: Should possess independent house having 500 sq. ft of open space for gardening. For raising of roof garden, similar area of open encumbered roof space must be available.

Should have regular source of income. Salaried person, Professionals and business men having steady income will be covered under the scheme.

Shahari Bagwani Yojna : Document Required

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

Shahari Bagwani Yojna : Fees & Charges

Processing charges:

  • Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

For Term Loan

  • Above Rs 3 Lakhs - 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

Shahari Bagwani Yojna : Most Important Terms And Conditions MITC

Quantum of Loan Maximum amount of loan should be Rs. 3 Lakhs for individual and Rs.30 Lakhs for institutions.
Nature of Facility Demand Loan
Margin
  • Upto Rs. 1.00 Lakhs - Nil
  • Over Rs. 1.00 Lakhs - 15 %
Security
Category Primary Security Collateral Security
Size of Loan Criteria
Salaried Employee Hypothecation of plants/ Crop and garden equipment’s. Upto Rs. 1.00 lacs Nil
Above Rs. 1.00 lacs Upto Rs.3.00 lacs Undertaking letter from employer for routing of salary through the branch backed by standing instruction
Other Individuals Hypothecation of plants/ Crop and garden equipments. Upto Rs. 1.00 lacs Nil
Above Rs. 1.00 lacs Upto Rs.3.00 lacs Third party guarantee of an individual with worth not less than that of the borrower.
Institutions Hypothecation of plants/ Crop and garden equipments. Upto Rs. 1.00 lacs Nil
Above Rs. 1.00 lacs upto Rs.30.00 lacs Collateral Security of at least 50 % of loan amount plus personal guarantee of partners/ Trustee/Promoters
Moratorium Period Maximum upto 3 months
Rate of Interest
Limit upto Rs.3 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
3 years & above and upto 5 One year MCLR+ SP+2.10%
Above 5 years and upto 7 years One year MCLR+ SP+2.15%
Other Information Processing and pre inspection charges nil upto Rs 3.00 Lakhs

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