• Agricultural Finance

Financing growth & transforming rural India.

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

Purchase of Estates/Orchards Growing Traditional Plantation Crops

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

Purchase of Estates/Orchards Growing Traditional Plantation Crops : Benefits

  • Processing charges Nil for Aggregate Loan upto Rs 3.00 Lakhs
  • Inspection charges Nil for Aggregate Loan upto Rs 3.00 Lakh
  • No penal Interest shall be charged for loan up to Rs 25000/-
  • Long Repayment period of 7 Years

Purchase of Estates/Orchards Growing Traditional Plantation Crops : Features

For purchase of estates growing traditional plantation crops viz. coffee, tea, rubber, cardamom, cashew, pepper, coconut and other perennial orchard crops.

Purchase of Estates/Orchards Growing Traditional Plantation Crops : Eligibility Criteria

  • The borrower should be engaged in agriculture activity as the owner of agriculture land, tenant farmers, oral leases, etc.
  • The borrower should preferably have yielding estates and should be in a position to rejuvenate the state proposed to be purchased.
  • The intending borrower should qualify the respective State Government norms of being agriculturist/satisfy the income criteria stipulated by the State Government.

Purchase of Estates/Orchards Growing Traditional Plantation Crops : Document Required

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

Purchase of Estates/Orchards Growing Traditional Plantation Crops : Fees & Charges

  • No penal Interest shall be charged for loan up to Rs 25000

  • Processing charges:

    1. Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

  • For Term Loan

    1. Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

  • Inspection Charges:

    1. Agriculture exposure upto Rs. 3.00 Lakhs- Nil
    2. Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
    3. Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
  • Above Rs 1 Crore - Rs 5000

Purchase of Estates/Orchards Growing Traditional Plantation Crops : Most Important Terms & Conditions (MITC)

Valuation of estate Value of estate shall be based on the lowest of (i) Market Value (II) Guidance value / circle rate fixed by the State (iii) Purchase consideration of the estate or (iv) Average price of sale transaction registered during last 5 years in the area
Security Mortgage of the property to be purchased & hypothecation of plantation crops raised on the land / Estate. Collateral security in the shape of mortgage of the landed Properties preferably residential property is required.
Repayment Period The loan should normally be repayable maximum within 7 years excluding moratorium period
Moratorium Period Maximum upto 5 years depending upon the future cash generation from the project
Rate of Interest
For CC/OD & DL of Loan period less than -3- years
CR 1 One Year MCLR+ SP+1.50%
CR 2 One Year MCLR+ SP+1.75%
CR 3 One Year MCLR+ SP+2.00%
CR 4 One Year MCLR+ SP+2.50%
CR 5 One Year MCLR+ SP+2.75%
CR 6,7,8,9 & 10 One Year MCLR+ SP+3.25%
For TL having Loan period -3- years and above
CR1 to CR10 Interest rate ranges from One Year MCLR+ SP+1.60% to One Year MCLR+ SP +3.35%

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