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

Silos/Godowns for Storage of Agriculture Produce

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

Silos/Godowns for Storage of Agriculture Produce : Benefits

  • Collection Charges: 100% Waiver of collection charges on collection of Cheques issued in favour of the borrower by Food Corporation of India (FCI).
  • Maximun Loan Amount is Rs 100.00 Cr

Silos/Godowns for Storage of Agriculture Produce : Features

Term Loan/Working capital facilities may be considered for any/ all the activities as follows:

  • For creation of scientific storage capacity viz. godowns, dry warehouses, cold storage, cold chains, silos and Market Yards.
  • The above facilities may be considered for financing towards construction of new projects.

Silos/Godowns for Storage of Agriculture Produce : Eligibility Criteria

  • Individuals, Group of Farmers/growers, Registered Farmer Producer Organisations (FPOs).
  • Partnership / proprietary firms, LLP, Companies and Corporations.
  • Non-Government Organizations (NGOs), Self Help Groups (SHGs).
  • Cooperatives, Cooperatives Marketing Federations.
  • Autonomous Bodies of the Government
  • States Agencies including State Government Departments and autonomous organization / State owned corporations such as Agricultural Produce Market Committees & Marketing Boards, state warehousing corporations, State Civil Supplies Corporations etc.

Silos/Godowns for Storage of Agriculture Produce : Document Required

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

Silos/Godowns for Storage of Agriculture Produce : Fees & Charges

Collection Charges: 100% Waiver of collection charges on collection of Cheques issued in favour of the borrower by Food Corporation of India (FCI)

Processing charges:

  • Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

For Working Capital (Fresh/Review)

  • Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250/- Lakh or part thereof +GST
  • Above Rs 10 Lakhs- Rs 350/lakh or part thereof maximum Rs 35.00 Lakhs

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

Silos/Godowns for Storage of Agriculture Produce : Most Important Terms & Conditions (MITC)

Nature of Facility
  • Term Loan
  • Cash Credit
  • Minimum – Rs 25.00 Lakhs
  • Maximum loan Limit -Rs.100.00 Crs.
Loan Period Based on the business plan with a maximum period of 15 Years including moratorium period of maximum of 2 Years.
Margin 25% of the project cost
  • Hypothecation of Structure/equipment/machinery Purchased or created out of bank Finance.
  • Mortgage of Fixed assets like project land and Building/Shed.
  • Personal guarantee of proprietor/Partners/ Promotors/ Directors/ owner of the property offered as security.
Rate of Interest
Internal Credit Collateral Security
Above 100% Above 75-100% 50-100% 25-50%
CR-1 to CR-3 MCLR+SP+0.45% MCLR+SP+0.60% MCLR+SP+0.85% MCLR+SP+1.10%
CR-4 to CR-6 MCLR+SP+0.95% MCLR+SP+1.10% MCLR+SP+1.75% MCLR+SP+2.25%
Repayment For Term Loan: Repayable in 3 to 15 Years (including moratorium period as per the project plan i.e not more than 24 months.
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Select Loans and Advances Type
  • Advances to Food Agro Based Units Under Agriculture
  • Agriclinics Agribusiness Centres by Agriculture Graduates
  • Baroda Animal Husbandry and Fisheries Kisan Credit Card (BAHFKCC) Scheme
  • Baroda Kisan Credit Card (BKCC)
  • Baroda Kisan Tatkal Loan Scheme
  • Cultivation of Crops (Excluding Plantation and Horticultural Crops)
  • Financing Against Warehouse Receipt
  • Financing Agencies Providing Custom Services To Farmers
  • Financing Construction of Farm Buildings Structures
  • Financing Development of Dairy, Poultry, Fishery, etc.
  • Financing Four Wheeler Loans to Farmer
  • Financing Irrigation
  • Financing of Joint Liability Groups
  • Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc)
  • Financing Tractors and Heavy Agriculture Machinery
  • Financing Under Self Help Groups (SHGs)
  • Installation of Gobar Gas/Biogas Plants
  • Installation of Solar Home Lighting Systems
  • Lending to Agriculture Other Priority Sectors demand loan for financing against
  • Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)
  • Loan for Installation of Solar Photovoltaic Pump Sets
  • New Scheme for Tractor
  • Overdraft Scheme for Working Capital Assistance to the Food Agro Processing Unit
  • Planters Card Scheme
  • Purchase of Estates/Orchards Growing Traditional Plantation Crops
  • Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)
  • Scheme for Financing Farm Development Activities
  • Scheme for Financing Mini Dairy Units
  • Scheme for Financing Pradhan Mantri Matsya Sampada Yojana (PMMSY)
  • Animal Husbandry Infrastructure Development fund (AHIDF)
  • Scheme for Financing under Agriculture Infrastructure Fund
  • Shahari Bagwani Yojna
  • Silos/Godowns for Storage of Agriculture Produce
  • Scheme for Development of Horticulture
  • Scheme for Financing Compressed Biogas (CBG)
  • Scheme for Financing Facility under PM Formalization of Micro Food Processing
  • Two Wheelers (Motorcycle/Scooter) Loan to Farmer
  • Warehouse/Storage Receipts to Food and Agro Unit Enjoying Credit Facility with our Bank

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