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Baroda Emergency Credit Line for Farmer Producer Organization (FPO / FPC)

Purpose

To meet the temporary liquidity mismatch of FPO / FPCs arising out of COVID-19.

Eligibility

Existing FPO / FPC borrowers of our Bank under Standard category

Quantum of Loan

10% of the combined limits (includes CC and TL) sanctioned to FPO / FPC with Max amount of Rs.5,00,000/- (Rupees Five lakhs only)

Nature of facility

Working Capital Demand Loan

Rate of Interest

One year MCLR + SP

Margin

Nil

Repayment Period

Maximum Moratorium of 6 months
Repayment can be fixed through monthly / quarterly instalments basis after the completion of moratorium period

Security

Extension of Hypothecation of Stock / structure / equipment / machinery purchased or created out of bank finance

Collateral Security
For group exposure up to Rs 100.00 lakhs and Credit Guarantee sought from SFAC- No collateral security required but the CG coverage to be enhanced through due process of application to SFAC

For credit facilities without CG from SFAC and / or credit facilities of more than Rs 100.00 lakhs – As per Bank’s policy

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Select Covid 19 Products Type
  • Additional Assurance to SHGs- COVID19
  • Baroda Emergency Credit Line for Farmer Producer Organization (FPO / FPC)
  • Baroda Special Scheme for existing Agriculture Investment Credit borrowers
  • Baroda Special Scheme for existing BKCC borrowers impacted by COVID -19
  • Baroda CoviCare Personal Loan
  • Baroda COVID Personal Loan 2.0
  • BOB Guaranteed Emergency Credit Line Scheme (BGECLS)
  • PM SVANidhi Scheme (a special micro credit facility for street vendors)
  • Credit Guarantee Scheme for Subordinate Debt (CGSSD)
  • Loan Guarantee Scheme for COVID Affected Sectors (LGSCAS)
  • Others

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Related products

  • Additional Assurance to SHGs- COVID19

  • Baroda Special Scheme for existing Agriculture Investment Credit borrowers

  • Baroda Special Scheme for existing BKCC borrowers impacted by COVID -19

  • Baroda CoviCare Personal Loan

  • Baroda COVID Personal Loan 2.0

  • BOB Guaranteed Emergency Credit Line Scheme (BGECLS)

  • PM SVANidhi Scheme (a special micro credit facility for street vendors)

  • Credit Guarantee Scheme for Subordinate Debt (CGSSD)

  • Loan Guarantee Scheme for COVID Affected Sectors (LGSCAS)

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