Financing growth & transforming rural India.

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

Scheme for Purchase of Agriculture Land

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

Scheme for Purchase of Agriculture Land : Benefits

  • Providing term finance to eligible farmers for purchase, development and cultivation of agricultural as well as fallow and Waste Lands.
  • Quantum of loan will depend on the area of the land to be purchased and its valuation and also development cost
  • Helps Small and Marginal farmers for buying more land

Scheme for Purchase of Agriculture Land : Features

Enables financial assistance to share croppers/tenant farmers for purchase of land towards income enhancement.

  • To finance the farmers to purchase, develop and cultivate agricultural and fallow/waste land.
  • To finance purchase of land to enable the farmers to diversify into other allied activities.

Scheme for Purchase of Agriculture Land : Eligibility Criteria

  • Small and Marginal farmers
  • Share croppers/Tenant farmers
  • Women having ownership rights of land. Priority is given to distress, widows, SHG members etc

Scheme for Purchase of Agriculture Land : Document Required

  • KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
  • Passport Size photo
  • Quotation/Invoice (if available)
  • Land Records
  • IT Returns (if available)
  • Complete project report

Scheme for Purchase of Agriculture Land : Fees & Charges

Processing charges:

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

Scheme for Purchase of Agriculture Land : Most Important Terms & Conditions (MITC)

Quantum of Loan Depends on area of the land to be purchased, its valuation and cost of development
Type of Facility Term Loan
Margin No margin is stipulated for loans up to Rs. 50000/ -. For loans of higher amount, a minimum of 10% margin is required
Repayment Period Loan may be repaid in a period ranging from 7 to 12 years in half yearly / yearly installments, including a maximum moratorium period of 24 months.
Security The land purchased out of bank loan and mortgaged in favor of bank will form security for the loan from borrowers
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%

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