Baroda Kisan Credit Card(BKCC)
Purpose
To provide finance for production of Line of Credit and Investment line of Credit
Eligibility
All Farmers- Individuals/ Joint borrowers who are owner cultivator. Tenant farmers, Oral lessees and Share Croppers etc. SHGs or JLGs of farmers including tenant farmers, Share croppers etc.
Quantum of Loan
Will be assessed based on scale of finance projected average farm income, repaying capacity and / or value of security
Nature of facility
Demand Loan / Cash Credit/Term Loan
Rate of Interest
7.00% p.a. (fixed), subject to Govt. of India providing Interest Subvention to Bank on such advances, otherwise applicable rate of interest on such advances shall be One year MCLR + Strategic premium
Margin
For Crop Loans:
- Loan Limit up to Rs.1 Lac- NIL
- Above 1 Lac – 15%
For Investment Line of Credit :
- It ranges from minimum of 10% to 15% depend upon the scheme
Repayment Period
Production line of credit will be a revolving Agriculture cash credit account subject to annual review valid for 5 years. Investment credit will be DL/TL and repayment period is fixed on quarterly/ half yearly or annual basis, based on income generation of the farmer.
Security
Up to Rs. 1,00,000/- - D P Note & Hypo. of crops
Above Rs. 1,00,000/- - D P Note- Hypo. of crops, Mortgage of land or Third party Guarantee, etc
Finance to Food & Agro Based Units
Eligibility
Individual,Proprietorship,Partnership concerns, Private Limited Companies
Public Limited Companies, Limited Liability Partnership Concerns
Loan Amount
Fund Based and Non-Fund Based Facility aggregating to Rs 50.00 crores(However, the aggregate sanctioned limit per borrower from the Banking System not to exceed Rs 100.00 Crores) (Loan upto Rs 100.00 crores classified under Agriculture under Priority Sector)
Purpose
- Working Capital Requirements
- Financing New Project/Existing Project i.e. acquisition/construction of land and building and new Plant and Machinery based on project cost including takeover.
- Non Funds Facilities (i.e. Bank Guarantee and Letter of Credit)
- (For food and agro based units engaged in oil milling, solvent extraction, Rice/Dal/Rice Flour Mill, Cotton Ginning industries, all eatables, etc)
Nature of Facility
Term Loan/Demand Loan/Overdraft/Cash Credit/Cash Credit Against Warehouse Receipt/Bank Guarantee/Letter of Credit/BP/BD, Export Credit pre-shipment and post shipment
ROI
- Ranging from 8.80% P.A. to 9.90% P.A. depending on internal credit
- Rating and Immovable security coverage.
- For Cotton Ginning and Cotton Seed oil :
9.05% P.A. to 10.15% P.A. depending on internal credit rating and immovable security coverage. (Subject to change as per Bank’s guidelines)
Margin
Stocks & Book Debts: 25 %, Plant & Machinery: 25%.
Land & Building: 30%
Tenure
12 months for working capital. Up to -84- months for Term Loan (including up to -12- months moratorium period), subject to annual Review.
Concession
50% concession towards unified processing upfront, Documentation charges, Collection/Remittance/Intersol Charges
Loan against Gold Jewellery/Ornaments
Eligibility
All individuals, excluding staff, being the true owner of the gold ornaments/jewellery/specially minted gold coins sold by the banks. The weights of specially minted gold coins sold by banks do not exceed 50 grams per customer. No third party loan to be granted.
Limit and Margins
Maximum limit under the scheme is permitted up to Rs10 lac per borrower based on the appraised value of the gold ornaments with keeping of 25 % margin on gold ornaments.
Interest Rate
- Farm credit: Limit up to 3 Lakhs, Crop Loan 7% per annum fixed subject to GOI providing subvention to Bank. Other than Crop Loan (MCLR+S.P). In case of prompt repayment of crop loan ROI will be 4% per annum.
- Limit above 3 Lakhs to 10 Lakhs (MCLR+S.P+1.25%) for Farm Credit.
Tenure
Maximum 12 Months
Assayer Charges
Minimum Rs 25/- and Maximum Rs 350/- per assaying (50 paisa per Rupees 100 net asset value of gold ornaments)
BC/BF/SHG’s Member Charges
Minimum Rs 25/- and Maximum Rs 250/- per assaying (20 paisa per Rupees 100 net asset value of gold ornaments)
Loans to Self Help Groups
Eligibility
1. The SHG should be in active existence at least since the last for 6 months as per the Books of account of SHG and not from the date of opening of SB account.
2. SHG should be practicing Panchasutras i.e. Regular Meetings, Regular savings, Regular inter-loaning, Timely repayment and up-to date books of accounts.
3. Qualified as per the Grading norms fixed by NABARD.
Loan Amount / Facility
SHGs may be sanctioned savings linked loans by banks (varying from a saving to loan ratio of 1:1 to 1:4). However, in case of matured SHGs, loans amount may be beyond the limit as per the discretion of the bank.
As advised by NRLM Banks should sanction minimum limit of Rs.5 lakhs to each eligible SHGs for a period of 5 years with a yearly drawing power (DP). The drawing power may be decided as follows:
First Dose: 6 times of the existing corpus or minimum of Rs. 1 lakh whichever is higher.
Second Dose: 8 times of the existing corpus or minimum of Rs. 2 lakh, whichever is higher.
Third Dose: Minimum of Rs. 3 lakhs based on the Micro credit plan prepared by the SHGs and appraised by the Federations
Margin & Security
No collateral and no margin will be charged up to Rs.10.00 Lacs limit to SHGs.
ROI
Limit up to Rs.3.00 Lacs: As applicable to Agriculture/Other Priority Sector Advances, as the case may be, presently One year MCLR+ Strategic premium+ 0.50%
Limit above Rs.3.00 Lacs: One year MCLR+ Strategic premium+ 1.00%
Tenure
Cash Credit : 12 Months
Term Loan: Maximum up to 36 Months from the date of disbursement
Others
No loan Processing fee/ Documentation Charges/inspection charges for loan up to Rs. 25,000 per member. This limit will be applicable per member and not to the group as a whole.
Loans to Joint Liability Group (JLG)
Eligibility
4-10 Individuals coming together for the purpose of availing bank loan on individual basis or through group mechanism against mutual guarantee. Member should belong t similar socio economic status and same village/area/neighbourhood. More then one person from the same family should not be included in the same JLG.
Bank branches, Business facilitators, NGOs, Farmers Clubs, Farmers, Associations, Panchayat Raj institutions (PRIs), Krishi Vikas Kendras (KVKs), State Agriculture Universities (SAUs), Agriculture Technology Management Agency (ATMS), PACS, other cooperatives, Govt. Depts, Individuals, Input dealers and Document writers (in cooperative banks), MFI/MFO etc
JLG Model
Model A- Financing individuals in the JLG
Model B- Financing the JLG as a group
Loan Amount / Facility
Maximum Loan for individual: Rs. 1Lakh
Maximum Loan amount to JLG : Rs.10 Lakh
For individual members and JLGs: The maximum loan limit will be need based, to be assessed as per BKCC norms.
ROI
Limit up to Rs.3.00 Lacs: As applicable to Agriculture/Other Priority Sector Advances, as the case may be, presently One year MCLR+ Strategic premium+ 0.50%
Rs.3.00 Lacs to Rs.25 Lacs: One year MCLR+ Strategic premium+ 1.00%
Margin & Security
No Collateral and no margin will be charged up to Rs. 10 lacs limit to JLGs.
Tenure
Cash Credit : 12 Months
Term Loan: Maximum up to 36 Months from the date of disbursement with annual review
Others
Processing fees/Inspection charges/Documentation charges- NIL
Scheme for financing Farmer Producer Companies
Purpose
Towards business/activities being proposed by FPC
Eligibility
All registered Farmer Producer Company with at least six months of operations since registration.
Nature of facility
Term Loan / Cash Credit
Rate of Interest
| Rs.3 - Rs.25 Lacs |
One year MCLR + SP + 0.5% |
| > Rs 25 lakhs |
| Less then 3 years |
One year MCLR + SP + 1.50% |
| 3 years up to 5 years |
One year MCLR + SP + 1.60% |
| 5 years up to 7 years |
One year MCLR + SP + 1.65% |
| 7 years up to 10 years |
One year MCLR + SP + 1.35% |
Margin
15% of the loan amount
Repayment Period
- Maximum period 9 years for Term Loan
- Maximum period of 12 months for cash credit
Security
Hypothecation of structure/ equipment/ machinery purchased or created out of bank finance.
- For credit facilities of up to Rs 100. 00 lakhs and CG from SFAC- No collateral security required.
- For Credit facilities without CG from SFAC and credit facilities with more than Rs 100.00 lakhs- As per the bank policy.
Financing Against Warehouse/Storage Receipts
Eligibility
Farmers, Food grain traders, Millers who store their agri produce in warehouse owned, leased, franchised by the Collateral Managers (CM).
Loan Amount
For farmers :
For others:
- Applicable loan limit of Rs 5 Crores and 10 Crores per borrower to Micro/Small and Medium Enterprises (Services) respectively for classification under priority sector has been removed. Accordingly, all bank loans to MSMEs engaged in providing or rendering of services as defined in terms of investment in equipment under MSMED act 2006 shall qualify under priority sector without any credit cap.
Margin
Minimum 25%
ROI
One year MCLR+ Collateral Manager Charges
Charges by CM
- 0.75% p.a. on the average loan outstanding+ applicable taxes in case of loan marketed by the Bank.
- 1.00% p.a. on the average loan outstanding+ applicable taxes in case of loan marketed by the CM.
- Or Negotiable Collateral Managers Charges agreed by branch and Collateral Manager (But not more then 1% on the average loan outstanding)
Tenure / Security
- Up to 12 months for Farmers. For others as advised by CM for commodity to commodity but not more than 12 months.
- Warehouse/Storage receipts issued by CM and their associates/franchise duly certified by CM.
Financing of Mini Dairy Scheme
Purpose
To establish new small dairy units with 2 to 10 milch animals
Eligibility
Individuals, Farmers, Members of NGOs/SHGs/JLGs
Quantum of Loan
- Rs.60,000/- per animal, subject to maximum of Rs.6,00,000/-
- No. of animals to be financed: Minimum -2 & Maximum -10
- Buffaloes producing more than -7- liters of milk per day and cows producing more than -8- liters of milk per day only
Nature of facility
Term Loan
Rate of Interest
One year MCLR + Strategic Premium i.e currently (8.55% + 0.25%)
Margin
10%
Repayment Period
Not exceeding 5 years (including Moratorium period of 3 Months)
Security
| Loans up to Rs.1 Lac |
Hypothecation of livestock |
- Loans above Rs.1 lakh and
- Up to Rs.2 lakh
|
- Hypothecation of live stocks.
- Mortgage of land or third party guarantee.
|
| Loans above Rs.2 Lakh |
- Hypothecation of live stocks.
- Mortgage of land
- Third party guarantee, if stipulated
|
Scheme of Financing Tractors
| Particulars |
Guidelines under the scheme |
| Agricultural end use & Agri Hiring |
Agri cum Commercial end use |
TATKAAL screen (KYC based) |
| Landholding |
Min 2.5 acres |
Up to 2.5 acres |
Not Required / Declaration is taken |
| Eligibility |
Local resident for a period of at least 3 years |
Local resident for a period of at least 3 years |
Local resident for a period of at least 3 years |
| Nature of facility |
Demand Loan/Term Loan |
Demand Loan/Term Loan |
Demand Loan/Term Loan |
| Rate of Interest |
14.50% |
14.00% |
13.00% |
| Minimum Margin |
15% |
20% |
30% |
| Repayment Period |
Monthly/Quarterly/Half Yearly
Max 6 years with following moratorium period
Half Yearly – 180
Quarterly – 90
Monthly - 30 |
Monthly/Quarterly
Max 6 years with following moratorium period
Quarterly – 90
Monthly - 30 |
Monthly/Quarterly
Max 5 years with following moratorium period
Quarterly – 90
Monthly - 30 |
| Processing Charges |
1% ( of Loan amount. 50% waiver of which may be obtained from Regional authority |
| Security |
Hypothecation of vehicle |
Hypothecation of vehicle |
Hypothecation of vehicle |
Loan for Installation of Solar Photovoltaic Pump Sets
Purpose
To purchase solar photovoltaic water pumping system this consists of PV Array, Motor Pumping Set, Interconnect Cables, and Electronics.
Eligibility
Individuals, Group of Individuals, SHGs, JLGs, NGOs, Farmer Clubs, Farmers Producer Organization
Subsidy
As per NABARD’s Guidelines in the form of capital subsidy.
Nature of Facility
Term Loan
Rate of Interest
One year MCLR+SP & Rs. 3 Lakhs to Rs. 25 Lakhs: One year MCLR+SP+1.25%
Margin
Minimum of 20% of the Total Project Outlay
Repayment Period
Maximum of 10 years
Security
Loan up to Rs.100000/-
Hyp of Solar Photovoltaic Pumps
Loan above Rs.100000/- and up to Rs. 500000/-
Hyp of Solar Photovoltaic Pumps
Third party Guarantee
Loan above Rs. 500000/-
Hyp of Solar Photovoltaic Pumps
Mortgage of Land