All registered Farmer Producer Companies with at least six months of operations since registration.
FPCs applying for collateral free loan based on Credit guarantee from SFAC under EGCGF shall comply with the eligibility criteria as specified in the EGCGF scheme document.
Minimum – above Rs 3.00 Lakhs
Maximum loan Limit –Rs.1.00 Crs.
Cash Credit/ Term Loan
* Additional concession of 0.5% is allowed.
15% of the loan amount
For cash credit: 12 months
For Term Loan: Repayable in 3 to 9 years period depending upon the purpose of investment, economic life of asset and cash flow of the activity.
Repayment of the term loan can be fixed monthly/quarterly/half yearly/yearly based on the purpose of loan /cash flow of the FPC.
Hypothecation of structure/ equipments/ machinery purchased or created out of bank finance
For credit facilities up to Rs 100.00 lakhs and CG from SFAC sought- No collateral security required
For credit facilities without CG from SFAC and credit facilities of more than Rs 100.00 lakhs – As per Bank’s policy.
*Additional concession on ROI of 0.50-0.55% based on the limit of Loan
Term Loan / Working capital facilities may be considered for any / all the activities as following:
Financing Protected Cultivation (Green House/polyhouse Etc.) Projects
Limit Rs 25 lakhs and above
Financing Farmer Producer Companies (FPC)
For small/marginal farmers, agriculture labourer and other specified catagories no margin money required by borrowers where subsidy is available under special development programme. Where subsidy is not available, 5% margin by borrower is required.
At the nearest rural and semi-urban branch. In case you desire, you may also contact us at Head Office, Vadodara.
Chief Manager (Agriculture),Bank of Baroda, Rural & Agri. Banking Dept, 3rd Floor, Baroda Bhawan, R C Dutta Road, Alkapuri, Vadodara Phone : (O) ) 0265- 2316348 E-mail : firstname.lastname@example.org