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Agriculture

Agricultural Finance

Financing Tractors & Heavy Agriculture Machinery
Particulars Guidelines under the scheme
Purpose
  • Purchase of new tractor
  • Tractor drawn implements
  • Power tiller and other agriculture machines etc.
Eligibility Progressive, literate and illiterate farmers engaged in cultivation of crops as owner of land, permanent tenants or leaseholders (for reasonably long period) and who utilize the tractor/ machinery economically to the minimum extent of 50% on their own land holding.
  • Should have perennially irrigated land of minimum 4 acres (tractors to farmer with land holding below 6 acres of irrigated land is considered for tractors with horse power up to 35 hp).
  • Should cultivate high value commercial crops such as sugarcane, grapes, bananas & vegetables.
Quantum of Loan Cost of vehicle including implements minus margin
Nature of facility Term Loan
Rate of Interest Click Here
Margin Minimum 15% of Cost of the vehicle & Implements
Repayment Period Tractors- 9 years Power Tillers- 7 years (Depends upon the repaying capacity on half yearly and annual basis based on surplus generation from crop and landholding of farmers)
Security (i) Hypothecation of tractor and implements (ii)Charge/mortgage of land or third party guarantee
Agriclinics & Agribusiness Centres by Agriculture Graduates
Particulars Guidelines under the scheme
Purpose For setting up of Agriclinics and Agribusiness Centers in order to supplement efforts of public extension by necessarily providing extension and other services to the farmers on payment basis or free of cost as per business model of agricultural entrepreneur (agri-preneurs), local needs and affordability of target group of farmers
Eligibility An unemployed Agricultural graduate in subjects like Agriculture ,Agri Engg., horticulture, animal husbandry, forestry, dairy, veterinary, pisciculture and other allied activities including new emerging areas in agriculture sectors trained by accredited training institute of MANAGE.
Quantum of Loan The outer ceiling for the project by individual would be Rs.20 lakh (Rs. 25 lacs in case of extremely successful individual projects) and for group project, overall ceiling of Rs.100 lacs, whichever is less.
Nature of facility Term loan for capital expenditures & Cash credit for working capital requirements.
Rate of Interest Click Here
Margin For loans up to Rs 5 lakh – Nil For loans above Rs 5 lakh – 15%
Repayment Period Repayment period will depend on the nature of activity and will vary between 5 to 10 years. The repayment period may include a maximum grace period of 2 years
Subsidy Composite back-ended Subsidy of 44% of project cost for women, SC/ST & all categories of candidates from NE and Hill states and 36% of project cost for all others.
Security For loans up to Rs 5 lakh – Hypo of assets (No collateral security) For loans above Rs 5 lakh – Hypo of assets and Mortgage of land or third party guarantee.
Baroda Kisan Credit Card (BKCC)
Particulars Guidelines under the scheme
Purpose Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window to the farmers for their cultivation & other needs as indicated below:
  • To meet the short term credit requirements for cultivation of crops including fodder crops.
  • Post-harvest expenses.
  • Produce marketing loan.
  • Consumption requirements of farmer household.
  • Working capital for maintenance of farm assets and activities allied to agriculture, like dairy, poultry, fisheries, piggery, sericulture etc.
  • Investment credit requirement for agriculture and allied activities like purchase of farm equipment/machinery like pump sets, sprinklers/drip irrigation equipment, pipe line, power tiller, tractor, Sprayers, milk animals, vehicles for transportation of farm produce etc.
Eligibility All farmers –individuals/joint borrowers who are owner cultivators.
  • Tenant farmers, Oral lessees and Share croppers etc.
  • Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers including tenant farmers, Share croppers etc.
  • Recorded / registered Share croppers and tenant farmers who are cultivating crops for a period not less than five years in order to meet the production credit needs are also eligible All individual agriculturists (including proprietorship) basis who are resident of the village at least for a period of three years continuously and cultivating lands and raising crops for a reasonably long period, but not less than three years are eligible for sanction of BKCC with a farm credit limit of Rs.10000/- & above. Recorded/registered share croppers and tenant farmers who are cultivating crops for a period not less than five years./li>
Quantum of Loan The quantum of finance will be assessed based on scale of finance projected average farm income, repaying capacity and / or value of security
  • Minimum loan amount:Rs.5000/-
  • Maximum loan amount: No ceiling
Nature of facility Demand Loan / Cash Credit/Term Loan
Rate of Interest Click Here
Line of Credit Under BKCC The Farmers are sanctioned BKCC Limit considering the increase in Scale of Finance during next -5- years as line of credit. The farmers can avail the loan based on increased Scale of Finance without execution of Fresh Documents every year. The farmer is allowed to avail the amount based on actual Scale of Finance in particular year within the overall line of credit amount.
Margin For Production Line of Credit: NIL For Investment Line of Credit : It ranges from minimum of 10% to 25% depend upon the scheme
Repayment Schedule 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.
Financing Agencies Providing Custom Services To Farmers
Particulars Guidelines under the scheme
Purpose Finance to organization/ institution providing services such as tractor, bulldozer, drill rig for boring wells, drilling tube wells, equipment for construction of wells, lift irrigation, purchase of combine harvester, thresher for hiring on custom basis, construction of cold storage units, godown, warehouse to provide storage facility on rental basis, purchase of truck & trailers for transporting agriculture produces to farmer on hiring basis, purchase of bullock cart, establishing curing barn for tobacco, providing canning and processing facilities to farmers on custom basis etc.
Eligibility All individuals, entrepreneurs, organizations, institutions corporations such as agro industries corporations, market yard or authorized licensee in market yard, warehouse panchayats and agro service centers who are capable of carrying out such activities and have viable schemes for providing custom services to farmers.
Nature of facility
  • Term Loan
  • Cash credit
Rate of Interest Click Here
Margin 15%
Repayment Period For Farmhouse cum dwelling unit Maximum 15 years.
For others maximum 7-10 year depending upon the project undertaken with half yearly/ yearly basis based on cropping pattern.
Security
  • Hypothecation of Machinery purchased out of bank finance
  • Mortgage of Land/building/3rd party guarentee
  • Pledge of stock-in-charge
Financing Development of Dairy, Poultry, Fishery Etc
Particulars Guidelines under the scheme
Purpose Capital and working capital requirement of units engaged in dairy, piggery, poultry, sericulture and rearing of sheep, goat and camel, for construction of animal sheds, pig house, poultry sheds, purchase of milch animal, pig breeding ,chicks, layers, equipment/ machinery / transport vehicle for purchase of feed and to meet other expenditure such as labor, marketing etc.
Eligibility All persons including small and marginal farmers and agricultural laborers engaged in agriculture and allied activities.
Nature of facility Term loan and cash credit
Rate of Interest Click Here
Repayment Period
  • Term loan: Repayment depends upon the economic viability of the scheme normally ranging from 3 to 7 years
  • Cash Credit: 12 months with annual review
Financing Construction of Farm Buildings Structures
Particulars Guidelines under the scheme
Purpose
  • For construction of “farm structures viz; bullock shed,  implement  shed,  tractor  and  truck  shed, farm store, godowns and farm silos, dutch barn, water  trough  for  farm  animals,  threshing  yard, “gur” making shed and fencing.
  • For construction of  Farm house cum dwelling unit
  • For reimbursement of expenses incurred for Farm house cum dwelling unit
Eligibility All individuals engaged in cultivation of crop as owners of land or as permanent tenants or as lease holders (for reasonably long period) and have adequate productive utility of proposed construction. For construction of Farm house cum dwelling unit: all farmers having own land having sufficient income to repay the installments.
Quantum of Loan Depending up on the cost of project and subject to assessment as per BKCC
Nature of facility Term loan
Rate of Interest Click Here
Margin 15% (25% for reimbursement)
Repayment Period
  • For Farmhouse cum dwelling unit Maximum 15 years.
  • For others maximum 7-10 years depending upon the project undertaken.
  • Loan repayment will be synchronized with the income generation from the farm activities. The installments may be fixed on half yearly/ yearly basis based on cropping pattern.
Security Mortgage of land/house
Financing Four Wheeler Loans To Farmer
Particulars Guidelines under the scheme
Purpose Purchase of new four Wheeler including Jeep, SUV, station wagon, Rural Transport Vehicle etc for using in their farm management activities
Eligibility Farmers including those engaged in Allied activities having family income sufficient to repay the loan.
If the main source of income of the farmer is from land based activity, minimum land holding of 4 acres perennially irrigated land or 8 acres of seasonally irrigated lands.
In case the main source of income is from Allied activities, income certificate from Revenue authorities / IT returns etc to be obtained.
Quantum of Loan Maximum-15 lakh
Nature of facility Term Loan
Rate of Interest Click Here
Margin 15%
Repayment Period Not exceeding 7 years
Security Hypothecation of vehicle
Financing Purchase of Old Four Wheeler To Farmers
Particulars Guidelines under the scheme
Purpose Purchase of old/Used four Wheeler including Jeep, SUV, station wagon, Rural Transport Vehicle etc for using in their farm management activities. Used Vehicle should not be more than 3 years
Eligibility Farmers including those engaged in Allied activities having family income sufficient to repay the loan. If the main source of income of the farmer is from land based activity, minimum land holding of 4 acres perennially irrigated land or 8 acres of seasonally irrigated lands. In case the main source of income is from Allied activities, income certificate from Revenue authorities / IT returns etc to be obtained.
Quantum of Loan Maximum-10 lakh
Nature of facility Term Loan
Rate of Interest Click Here
Margin 40%
Repayment Period Not exceeding 4 years
Security Hypothecation of vehicle
Advances To Food & Agro Based Units Under Agriculture
Particulars Guidelines under the scheme
Purpose Financing the new projects, working capital and non fund based facilities to the units engaged in activities of Oil Mill/Solvent Extraction, Rice/Dal/Flour Mill, Seed Processing/Agro Processing, Food Processing and Cotton Ginning and Pressing Mills and Cotton Seed Oil Extraction.
Eligibility Advances to New/Exiting units owned by Individual, Proprietorship, Partnership Concerns, Private Limited Companies and Public Limited Companies, having an aggregate sanctioned limit up to Rs.100 crore per borrower from the banking system.
Quantum of Loan Upto Rs.50.00 Crores with our Bank (However, the aggregate sanctioned limit per borrower from the Banking system not to exceed Rs.100.00 Crores)
Nature of facility Term Loan/Demand Loan/Cash Credit/Bank Guarantee/Letter of Credit/BP/BD/FBP/FBD
Rate of Interest Click Here
Margin Stocks & Book debts: 25 %
Plant & Machinery: 25%
Land & Building: 30%
Repayment Period 12 months for working capital
Up to 84 months for term loan (including up to -12- months 
moratorium  period), subject to annual Review
Security As per Bank’s Policy
Scheme For Development Of Horticulture
Particulars Guidelines under the scheme
Purpose For establishing new or maintaining of existing orchards, gardens, plantations and nurseries. All capital cost for development of horticulture and maintenance costs of plants, seedlings, grafts, fertilizer, insecticides, pesticides, wages salaries is financed.
Eligibility All persons engaged in raising fruit gardens, plantations and nursery crops as owners of land or permanent tenants or as lease holders (for reasonably long period)
Nature of facility Term Loan/ Cash Credit
Rate of Interest Click Here
Repayment Period  Term loan- Maximum period of 5 to 7 years excluding gestation period
Cash Credit- 12 months
Subsidy National Horticulture Board also provide Back Ended subsidy from time to time
Financing Irrigation
Particulars Guidelines under the scheme
Purpose Construction of surface well, deepening/renovation of existing wells, purchase of oil engine/electric motor and pump set, construction of shallow and deep tube wells, Layout of field channels(open as well as underground),construction of pump house, Lift irrigation from river basins, tank, bandharas and other catchments, installation expenses of oil engines/electric motor/pumpsets,  leveling of land for irrigation, construction of bandharas , sprinkler irrigation, drip irrigation and wind mills.
Eligibility Farmers engaged in cultivation of crop as owner of land, cultivators, permanent tenants or leaseholders (for reasonably long period) or share croppers.
Nature of facility Term Loan
Rate of Interest Click Here
Repayment Period Repayment period depend upon purpose of investment and economic life of the asset subject to maximum of 9 years.
Security
  • Hypothecation of Machinery
  • Mortgage of Land/Third party Guarantee depending up on quantum of loan.
Financing of Joint Liability Groups
Particulars Guidelines under the scheme
Purpose To augment flow of credit to farmers, especially small, Marginal, tenant farmers, oral lessees, share croppers / Individual taking up farm activities
Eligibility Small & Marginal Farmers/ Tenant Farmers/Oral Lessees and Share Croppers
Quantum of Loan
  • Maximum Loan for Individual: Rs. 1, 00,000/-
  • Maximum Loan amount to JLG: Rs 10, 00,000/-
  • For Individual members and JLGs: The maximum loan limit will be need based, to be assessed as per the BKCC norms
Who can form 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 (ATMA), PACS, other cooperatives, Govt. Depts., Individuals, Input dealers, and Document writers (in cooperative banks),MFIs /MFOs, etc
Rate of Interest Click Here
Criteria of Membership Members should belong to similar socio-economic status and same village/area/neighborhood. More than one person from the same family should not be included in same JLG.
Land Development Loan
Particulars Guidelines under the scheme
Purpose It covers activities of terracing, bunding, leveling, kyari preparation, drainage lay out and reclamation of saline, alkaline and ravine lands.
Eligibility All persons engaged in raising crops, fruit gardens, plantations and nursery crops as owners of land or permanent tenants or as lease holders (for reasonably long period).
Nature of facility Term loan
Rate of Interest Click Here
Repayment Period
  • For small and Marginal Farmers- 9-15 yrs
  • For other farmers – Max 7 Years with One year holiday/moratorium period
Scheme For Loan Against Gold Ornaments/Jewellery
Particulars Guidelines under the scheme
Purpose Any purpose covered under priority sector
Eligibility All individuals, being the true owner of the gold ornaments/jewellery/specially minted gold coins sold by the banks /silver jewellery/ornaments. The applicant must be local resident must have a saving account with the Branch. If the applicant does not have savings bank account, saving account be first opened before extending the gold loan.
Quantum of Loan Maximum Limit-25 lakhs against pledge of gold ornaments
Nature of facility Demand Loan & Cash Credit
Rate of Interest Click Here
Margin 25% on value of Gold ornaments/jewellery/specially minted gold coins
Repayment Period Maximum 12 Months
Security The loan shall be secured by minimum 18 carat gold jewellery/ornaments/specially minted coins /hall marked gold jewellery/ornaments.
Scheme For Financing Mini Dairy Units
Particulars Guidelines under the 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, preferably of the following breeds, are to be financed under the Scheme:
  • Cross breed: Jersey cross, Holstein Friesian cross
  • Buffalo : Murrah breed, Graded Murrah, Mehsana, Jaffarabadi, Godavari, Bhadawari, Surti
  • Indigenous breed of cows: Sahiwal, Tharparkar and Red Sindhi
Nature of facility Term Loan
Rate of Interest Click Here
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 Lac 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.
Subsidy NABARD is providing subsidy @25% of the outlay (33.33% for
SC/ST ) as back ended capital subsidy subject to a ceiling of Rs.1.25
lac for a unit of -10- animals (Rs.1.67 lakh for SC/ST). Maximum
permissible capital subsidy is Rs.25,000/- (Rs.33,300/- for SC/ST) for
a two animal unit
Scheme For Financing NBFC-MFIs
Particulars Guidelines under the scheme
Purpose For on-lending to individuals/groups, which is eligible for categorization as Priority Sector advance under respective categories viz. Agriculture, Micro, Small and Medium Enterprises and Others, subject to their compliance with the laid down criteria, as per RBI guidelines
Nature of facility Demand Loan/Term Loan
Rate of Interest Click Here
Margin 10% on Book Debts, created out of the funds borrowed from the Bank
Security Primary Security:
Exclusive charge over the loan assets or book debts funded out of the bank loan i.e. Assignment of book debt, created out of the funds borrowed from the Bank
Collateral:
  • Cash Collateral of minimum 10% of the sanctioned limit in the form of Term Deposit to be kept for the tenure of the loan. Lien to be marked on the said FDR in favour of our bank for the principal amount along with the interest credited thereon in the account.
  • Personal Guarantee of main promoter/Directors of the Company. However, the personal Guarantee of the promoters/ Directors of the Company need not be insisted upon.
Loan For Installation of Solar Photovoltaic Pump Sets
Particulars Guidelines under the scheme
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 Click Here
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
Scheme For Purchase of Agriculture Land
Particulars Guidelines under the scheme
Purpose To finance the farmers to purchase, develop and cultivate agricultural and fallow/waste land
Eligibility
  • Small and Marginal farmers i.e. those who would own maximum of non irrigated or irrigated land as stipulated by NABARD as per the different agro climatic regions across the country
  • Share croppers/Tenant farmers
Quantum of Loan Quantum of loan will depend on the area of the land to be purchased and its valuation and also development cost.
Nature of facility Term Loan
Rate of Interest Click Here
Margin No margin is stipulated for loans upto Rs.50000/-. In case of loans for higher amount, a minimum of 10% margin will be stipulated.
Repayment Period 7 to 12 years in half yearly/yearly installments, including a maximum moratorium period of 24 months.
Security Mortgage of land purchased out of the bank loan
Construction/Expansion/Modernization/Renovation of Rural Godown
Particulars Guidelines under the scheme
Purpose Term Loan / Working capital facilities may be considered for any / all the activities as following:
  • For creation of scientific storage capacity viz. godowns, dry warehouses, cold storages, cold chains, silos and market yards.
  • The above facilities may be considered for financing towards construction of new projects.
    The structures should be designed and used to store agriculture produce/products and the scheme does not include takeover incomplete/partially completed proposals/li>
Eligibility
  • Individuals, Group of farmers/growers, Registered Farmer Producer Organisations (FPOs).
  • Partnership / Proprietary firms, LLP, Companies and Corporations.
  • Non-Government Organizations (NGOs), Self Help Groups (SHGs).
  • Cooperatives, Cooperative Marketing Federations.
  • Autonomous Bodies of the Government.
  • State agencies including State Government Departments and autonomous organization / State owned corporations such as Agricultural Produce Market Committees & Marketing Boards, State Warehousing Corporations, State Civil Supplies Corporations etc.
Quantum of Loan Minimum – Rs 25.00 Lakhs
Maximum loan Limit –Rs.100.00 crores
Nature of facility Term Loan
Cash Credit
Margin 25% of the project cost (other than Subsidy if any )
Rate of Interest Click Here
Subsidy
  • Any proposal, under any State/Central Government scheme for subsidy, an undertaking from the borrower to be obtained for routing subsidy/grant in aid claims through our Bank accounts.
  • Dealing with the subsidy/grant in aid amount to be made as per the scheme/policy of the nodal agency
Repayment Period For Term Loan:
  • Repayable in 3 to 15 years (including moratorium period as per the project plan i.e not more than 24 months) 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 project. For working capital: 12 months subject to annual review.
Security Hypothecation of structure/ equipment/ machinery purchased or created out of bank finance Mortgage of Fixed assets like project land and building /shed. Personal guarantee of Proprietor/Partners / Promoters / Directors/ owner of the property offered as security etc.
Financing Second Hand Tractors
Particulars Guidelines under the scheme
Purpose Purchase of second hand tractor
Eligibility Farmers engaged in cultivation of crops as owner of land, permanent tenants or leaseholders (for reasonably long period)
  • Should have perennially irrigated land of minimum 2 acres in his own name or jointly with family members who will be joint borrowers.
  • Farmers of other agriculture lending scheme viz. dairy, poultry, fisheries are also eligible to undertake the transportation of their produce as well as hollage work.
Quantum of Loan Max. loan amount - Rs 2 lacs
Nature of facility Term Loan
Rate of Interest Click Here
Margin 20% of value assessed by the Government valuer / dealer approved surveyor of General Insurance Company.
Repayment Period 3 to 5 years depends upon percentage of standard performance of tractor.
Security
  • Hypothecation of tractor and implements
  • Charge/mortgage of land or third party guarantee
Financing Under Self Help Groups (SHGs)
Particulars Guidelines under the scheme
Purpose For any purpose except speculations
Eligibility SHG should be in existence for at least 6 months. It could be Registered or unregistered. SHG should be practicing Regular Meetings, regular savings, regular inter-loaning, timely repayment and up-to-date books of accounts.
Quantum of Loan Based on the need of finance of SHG
Nature of facility Term loan or Cash Credit based on the need
Rate of Interest Click Here
Margin No margin up to 10 lakh
Repayment Period It depends upon the purpose of finance.
Security No collateral security up to 10 lakh
Finance For Purchase of Smartphones For Farmers
Particulars Guidelines under the scheme
Purpose Purchase of Smart Phone
Eligibility All persons engaged in cultivation of crops as owners of land or permanent Tenant or lease holder and have availed BKCC with us which are in standard category
Quantum of Loan Up to 10,000/-
Nature of facility Demand Loan
Rate of Interest One year MCLR
Margin NIL
Repayment Period Repayable in 24 Months (Half yearly Installment)
Security Hypothecation of Smart Phone
Baroda Kisan Tatkal Loan Scheme
Particulars Guidelines under the scheme
Purpose To meet the emergent funds requirements for Agriculture and domestic purposes during off season.
Eligibility Individual Farmers/Joint borrowers who are existing Baroda Kisan Card Holders
Quantum of Loan
BKCC Limit Up to Maximum Tatkal Limit
Up to Rs.5.00 Lacs 50% of BKCC limit subject to max of Rs.1.00 lacs
Rs.5-10 lacs Rs.2.00 lacs
Rs.10 -20 lacs Rs.3.00 lacs
More than Rs.20 lacs Rs.5.00 lacs
Nature of facility Term Loan & Overdraft
Rate of Interest Click Here
Repayment Period For Term Loan: 3-5 years
Overdraft: 12 Months in Half yearly /yearly installments
Security Existing security under BKCC to be extended. The existing norms of no collateral security up to Rs.1.60lac to be followed if combined limit is within Rs.1.60 lac.
Financing Against Warehouse Receipt
Particulars Guidelines under the scheme
Purpose To finance against warehouse receipt
Eligibility Farmers, Food grain traders, Millers who store their agri produce in warehouse owned, leased, franchised by the Collateral Managers (CM).
Quantum of Loan For farmers : Maximum Rs 50.00 Lakhs

For others: Maximum Rs. 5.00 crores, (However for private Godowns approved by WDRA, the maximum loan amount of Rs. 2.00 crores)
Nature of facility Farmers: By Demand Loan
Others : By Cash Credit(Pledge)
Rate of Interest Click Here
Margin Minimum of 25% for all agriculture commodities or as prescribed by CM, whichever is higher
Repayment Period Up to 12 months for Farmers. For others as advised by CM for commodity to commodity but not more than 12 months
Security Warehouse/Storage receipts issued by CM and their associates/franchise duly certified by CM.
Financing Farmer Producer Companies (FPC)
Particulars Guidelines under the scheme
Purpose Loan facilities is considered for any / few / all the activities depending on the requirement of FPC:
  • Purchase of Input material for supplying to the farmers
  • Warehouse receipt finance
  • Marketing activities
  • Setting up of Common Service centers
  • Setting up of Processing Centre
  • Common Irrigation Facility
  • Custom Purchase/Hiring of Farm Equipment
  • Purchase of High-Tech Farming Equipment
  • Other productive purposes – based on submitted investment plan
Eligibility

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.

Quantum of Loan

Minimum – above Rs 3.00 Lakhs

Maximum loan Limit –Rs.1.00 Crs.

Nature of facility

Cash Credit/ Term Loan

Rate of Interest Click Here

* Additional concession of 0.5% is allowed.

Margin

15% of the loan amount

Repayment Period

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.

Security

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.

Financing Protected Cultivation (Green House/polyhouse Etc.) Projects
Particulars Guidelines under the scheme
Purpose Loan facilities may be considered for the following activity/ies:
  • Towards construction of Green House/Poly house
  • Towards construction of Shade Net House
  • Towards construction of plastic tunnels & walk in tunnels
  • Towards construction of anti bird/anti hail nets
  • Towards plastic mulching
  • Towards purchase of components/equipments for use under protected cultivation

Eligibility

  • All individual engaged into farming of land or permanent Tenant or lease holder (at least 10 years lease period).
  • Groups of individual farmers, SHGs, JLGs directly engaged into agricultural activity
  • All new and existing Proprietorship/partnership/LLP concerns, private limited/public limited companies engaged in the activities of modern farming.
Nature of facility Term Loan
Rate of Interest Click Here

*Additional concession on ROI of 0.50-0.55% based on the limit of Loan

Margin
  • Loan limit up to Rs 1.00 lakh: Nil
  • Loan limit of >Rs 1.00 lakh: 10% of the total project cost (The margin will not include subsidy amount, if applicable for the project)
Repayment Period
  • Repayable in 3 to 9 years period depending upon the purpose of investment, economic life of asset and cash flow of the activity.
  • Moratorium period- A period of 6 to 12 months subject to cash flow of the the project.
  • Repayment of the term loan can be fixed monthly/quarterly/half yearly/yearly based on the cropping pattern/cash flow of the borrower.
Purchase of Agrigulture Implements
Particulars Guidelines under the scheme
Purpose
  • Purchase of agricultural implements such as indigenous wooden implements, improved iron implements, agricultural equipments such as sprayers, dusters etc., hand tools such as khurpi, sickles, secateurs etc. for farm use, threshers, winnowers, seed-cum-fertilizer drills, etc.
  • Purchase of bullocks or camel (draught animals) and/or animal drawn cart.

Eligibility

  • Persons engaged in cultivation of crops as owners of land or as permanent tenants or as leaseholders (for reasonably long period)
Quantum of Loan Cost of vehicle minus margin
Nature of facility Demand loan/Term Loan
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • As per the general guidelines for agriculture finance
Repayment Period
  • maximum- 7 years
Subsidy -
Security -
Cultivation of Crops (Excluding Plantation and Horticultural Crops>
Particulars Guidelines under the scheme
Purpose
  • Purchase of agricultural inputs such as seeds, fertilizers, pesticides, etc. and for payment of labour charges, irrigation cess, etc.

Eligibility

  • Persons engaged in cultivation of crops as owners of land or as permanent tenants or as lease-holders (for a reasonably long period) or sharecroppers.
Quantum of Loan -
Nature of facility Demand Loan or Cash Credit
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • As per the BKCC norms
Repayment Period
  • Crop Loans: Generally 12 months; however, it can be extended upto 18 months in respect of crop with longer life period like sugarcan etc.
Subsidy -
Security -
Distribution of Agricultural Inputs such as seed fertilisers, Insecticides etc.
Particulars Guidelines under the scheme
Purpose
  • Advances against high yielding/hybrid seeds produced under contract with the National Seeds Corporation Ltd. or State Government or which bear the certification of the said Corporation or as the case may be, the concerned State Government or any certification agencies authorised under the Seeds Act, 1966 and at present completely exempted from all provisions of the directives of the Selective Credit Control.

Eligibility

  • Any trader, firm or company or any institution or co-operative society engaged in distribution of agricultural inputs is eligible under this scheme to the extent of the credit needs related only to the distribution function
Quantum of Loan -
Nature of facility Cash Credit/BP/BD/LC/Guarantee, etc.
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 15%
Repayment Period
  • 12 months.
Subsidy -
Security
  • Pledge/hypothecation of stock of agricultural inputs. Wherever feasible collateral security in the form of land and building.
Overdraft Scheme for Working capital Assistance to the food & Agro processing unit
Particulars Guidelines under the scheme
Purpose
  • Working capital requirements.

Eligibility

  • All Advances to new/existing (including take over from other banks) Food and Agro based processing units under “Agriculture”
  • Individual, Proprietorship, Partnership concerns, Private Limited Companies, Public Limited companies and Limited Liability Partnership Concerns.
  • If trading activities are also undertaken by the unit, the ratio of trading sales in total sales should not be more than 49% in a financial year.
Quantum of Loan minimum limit-10 lacs and
maximum-400 lacs
Nature of facility overdraft limit
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 40% of the realizable value of property mortgaged.
  • Two valuation for cases where the valuation is more than Rs. 200.00 lacs.
Repayment Period
  • 12 months.
Subsidy -
Security
  • Mortgage of factory land and building and/or any other property(Land & Building) belonging to unit or Promoters of the unit, or close relatives of the promoters, viz. father, mother, Spouse, son etc.
Warehouse/Storage receipts to food and agro unit enjoying credit facility with our Bank
Particulars Guidelines under the scheme
Purpose
  • to full fill the working capital requirements to food & Agro-processing units.

Eligibility

  • Individual, Proprietorship, Partnership concerns, Private Limited Companies, Public Limited Companies and Limited liability Partnership concerns having working capital limits with our Bank at present under Food & Agro Processing activity and are defined under Agriculture as per RBI agriculture sector classification
Quantum of Loan Cash Credit pledge limit of maximum Rs 10.00 crores
Nature of facility Cash Credit (Pledge).
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • Minimum of 30% for all agriculture commodities proposed to be kept as security or as prescribed by Collateral Manager, whichever is higher.
Repayment Period
  • maximum upto -12 months
Subsidy -
Security
  • Warehouse/Storage receipts issued by CM and their associates/franchise duly certified by CM
Two Wheelers (Motorcycle/Scooter) loan to farmer
Particulars Guidelines under the scheme
Purpose
  • Purchase of new Two Wheelers (Motorcycle / Scooter)

Eligibility

  • All new and existing farmers engaged in Agriculture and / or allied activities
Quantum of Loan maximum - 1.00 lac
Nature of facility term loan
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 10%
Repayment Period
  • Repayment Schedule to coincide with harvesting season. (As per Banks Norms). Maximum period – Not exceeding –5- years.
Subsidy -
Security
  • Hypothecation of vehicle
Silos/Godowns For Storage Of Agriculture Produce On Design, Build, Finance, Operate And Transfer (Dbfot) Basis In Ppp Model Under Tie Up Arrangement With Food Corporation Of India / Other Government Agency
Particulars Guidelines under the scheme
Purpose
  • Financing new project i.e. acquisition/construction of Silos, storage facilities, Plant & Machinery etc. based on project cost including takeover of existing units
  • Working Capital requirements for operational requirement of the project

Eligibility

  • All Advances to new/existing borrower (Including take over from other Banks) for acquisition/construction of storage facilities/Silos for food grains on DBFOT basis in PPP model under tie up with Food Corporation of India/ other Government (Central & State) Agency
  • Individuals, Proprietorship concerns, Partnership concerns, Limited Liability Partnership concerns, Private Limited Companies and Public Limited Companies
Quantum of Loan Minimum Limit : Rs.10.00 Crores
Maximum Limit : Rs.100.00 Crores
Nature of facility Term Loan / Demand Loan / Cash Credit / Bank Guarantee / Letter of Credit etc.
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 20% for Term Loan;
    25% on Stock & Receivables
Repayment Period
  • In EMI/ ballooning installments, after initial moratorium period.
    Maximum period: Not to exceed–15- years
Subsidy -
Security -
SHGS/ JLGS in Partnership with corporate BC
Particulars Guidelines under the scheme
Purpose
  • To provide credit facilities to SHGs in partnership with Corporate BCs for taking up different Agricultural, Agri-allied and other Non Agri income generating activities.

Eligibility

  • SHG/JLG should be in active existence at least for the last 6 months as per their books of account (and not from the date of opening of S/B account with the Branch/ Bank).
  • SHG/JLG should be practicing ‘Panchasutras’ i.e. Regular meetings, Regular savings, Regular inter-loaning, Timely repayment and maintaining up-to-date books of accounts
Quantum of Loan Minimum Rs 100000/-;
Maximum Rs 15,00,000/-
Note: Exposer to individual member should not be more than 1 Lakh
Nature of facility Cash Credit and Term/ Demand Loan and Over Draft (TL/DL, CC & OD)`
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • Nil up to INR 10,00,000/-
  • Above 10 Lacs – preferably 15% or as per the activity/purpose of the loan taken
Repayment Period
  • For Cash credit or Over Draft: 12 months subject to annual review.
  • For Demand/ Term Loans: as per credit plan and term of sanction which may vary from 24 months to 84 months or as per the norms respective scheme/ project for project financing
Subsidy -
Security
  • Hypothecation of assets, if any, created out of loan amount.
  • Third Party Guarantee by the Corporate BC
New Scheme for Tractor
Particulars Guidelines under the scheme
Purpose
  • The schemes have been implemented with “Nodal Branch approach”. These Nodal Branches are called “Tractor Financing Branch”. These branches will sanction tractor loans under these schemes not only for their Branch but will also assist nearby branches in business canvassing and sanctioning.

Eligibility

  • A minimum land holding of 2.5 acres of agricultural land (single or jointly owned) is required for Tractor Loan- Agricultural end use and Agri cum commercial End use. For Tatkal Tractor Loan- First time users (FTUs) based on KYC documents
Quantum of Loan -
Nature of facility term loan
Rate of Interest
  • Tractor Loan- Agricultural end use and Agri Hiring- 14.50%
  • Tractor Loan- Agri cum commercial End use- 14%
  • Tatkal Tractor Loan- 13%
Margin
  • Tractor Loan- Agricultural end use and Agri Hiring- 15%
  • Tractor Loan- Agri cum commercial End use- 20%
  • Tatkal Tractor Loan- 30%
Repayment Period
  • Tractor Loan- Agricultural end use and Agri Hiring- 72 Months (6 Yrs.) / Monthly/ Quarterly/Half Yearly
  • Tractor Loan- Agri cum commercial End use- 72 Months (6 Yrs.) / Monthly/ Quarterly/Half Yearly
  • Tatkal Tractor Loan- 60 Months (5 Yrs) Monthly/ Quarterly
Subsidy -
Security -
Construction Of Storage Structure Projects Namely Godowns, Dry Warehouses, Cold Storages, Cold Chains, Silos And Market Yards Designed And Used To Store Agriculture Produce/Products
Particulars Guidelines under the scheme
Purpose

Term Loan / Working capital facilities may be considered for any / all the activities as following:

  • For creation of scientific storage capacity viz. godowns, dry warehouses, cold storages, cold chains, silos and market yards.
  • The above facilities may be considered for financing towards construction of new projects.

Eligibility

  • Individuals, Group of farmers/growers, Registered Farmer Producer Organisations (FPOs)
  • State agencies including State Government Departments and autonomous organization / State owned corporations such as Agricultural Produce Market Committees & Marketing Boards, State Warehousing Corporations, State Civil Supplies Corporations etc.
Quantum of Loan Minimum – Rs 25.00 Lakhs
Maximum loan Limit –Rs.100.00 crores
Nature of facility Term Loan
Cash Credit
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time
Margin
  • 25% of the project cost
Repayment Period
  • For Term Loan - 3 to 15 years
  • For working capital: 12 months subject to annual review.
Subsidy -
Security
    • Hypothecation of structure/ equipment/ machinery purchased or created out of bank finance
    • Mortgage of Fixed assets like project land and building /shed.
    • Personal guarantee of Proprietor/Partners / Promoters / Directors/ owner of the property offered as security etc.
Baroda Kisan Group Loan Scheme
Particulars Guidelines under the scheme
Purpose
  • The finance to JLG is expected to be a flexible credit product addressing the credit requirements of its members, the credit may be extended in the form of BKCC for crop production, consumption, marketing and other productive purposes.

Eligibility

  • Tenant farmers cultivating land either as oral lessees or sharecroppers and small farmers who do not have proper title of their land holding are eligible for finance through formation of Joint Liability Groups.
  • Small & Marginal farmers.
Quantum of Loan For tenant farmer: Maximum Loan of Rs.1,00,000/-
For JLG: Maximum Loan of Rs.10.00lakhs
Nature of facility Term Loan: Investment line of credit
Working capital: Production line of credit
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • As per the general guidelines for agriculture finance
Repayment Period
  • as per BKCC norms
Subsidy -
Security -
Redemption of Debts of Farmers from Non-Institutional Lenders
Particulars Guidelines under the scheme
Purpose To mitigate acute distress faced by farmers due to heavy burden of debt availed from non-institutional lenders (money lenders, agro input dealers, traders in agri produce etc.) by providing loans for such redemption.

Eligibility

  • Existing farmer borrowers with regular repayment.
  • Farmers whose accounts were rephased due to reasons beyond their control.
Quantum of Loan
  • For tenant farmers: The existing guidelines i.e. Maximum loan amt of Rs. 25000/- will continue
  • For agril. labourers : The amount of loan will be decided on the basis of repaying capacity.
Nature of facility -
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • Nil
Repayment Period
  • Maximum up to 10 years
Subsidy -
Security
    • For Farmers: Charge on land.
    • For Tenant farmer/Agril. Labourer : Third party guarantee and /or asset charged to the non-institutional lender.
Construction of Toilets under Swachh Bharat Abhiyan
Particulars Guidelines under the scheme
Purpose For construction of individual household toilet

Eligibility

  • Famers, Members of JLGs and SHGs and person belonging to weaker section with a banking relationship with our Bank for a minimum period of 6 months.
Quantum of Loan Rs.40,000/- subject to project cost
Nature of facility Term Loan
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • Nil
Repayment Period
  • Repayable in 60 Months
Subsidy -
Security
  • Hypothecation of structure/ equipment/ machinery purchased or created out of bank finance
  • Mortgage of Fixed assets like project land and building /shed.
  • Personal guarantee of Proprietor/Partners / Promoters / Directors/ owner of the property offered as security etc.
Installation of Gobar Gas/Bio-gas Plants
Particulars Guidelines under the scheme
Purpose To provide finance to farmers for solar energy home lighting system in rural and semi-urban places for renewable source of energy.

Eligibility

  • Farmers having sufficient source of income for servicing the loan interest and installment. However, focus would be on our existing BKCC holders who do not have reliable source of electricity for domestic purpose
Quantum of Loan the maximum loan amount will not exceed Rs 50000/-
Nature of facility Term Loan
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 15% of the project cost
Repayment Period
  • The loan is to be repaid within 5 years
Subsidy -
Security
  • Hypothecation of solar system.
Installation of Solar Home Lighting Systems
Particulars Guidelines under the scheme
Purpose To provide finance to farmers for solar energy home lighting system in rural and semi-urban places for renewable source of energy.

Eligibility

  • Farmers having sufficient source of income for servicing the loan interest and installment.
Quantum of Loan the maximum loan amount will not exceed Rs 50000/-
Nature of facility Term Loan
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 15% of the project cost
Repayment Period
  • The loan is to be repaid within 5 years
Subsidy -
Security
  • Hypothecation of solar system.
Commercial Production Units of Organic Inputs
Particulars Guidelines under the scheme
Purpose The Scheme covers two components:
  • Establishment of Fruit & Vegetable / Agro waste Compost Production Unit
  • Establishment of Bio-fertilizers and Bio-pesticides production Unit

Eligibility

  • Individuals, group of farmers/growers, proprietary, and partnership firms, Co-operatives, Fertilizer industry, Companies, Corporations, NGOs
  • APMCs, Municipalities, NGOs and Private entrepreneurs.
Quantum of Loan Bio-fertilizers and Bio-pesticides production Unit -42-50% of project cost
Fruit & Vegetable Waste / Agro waste Compost Production Unit – 34-42 %
Nature of facility -
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin -
Repayment Period -
Subsidy -
Security -
Loan / Overdraft Against Bank’s Own Deposit (Labod/Odbod) For Farmers And Others Engaged In Agriculture & Allied Activities
Particulars Guidelines under the scheme
Purpose For agriculture and allied activities.

Eligibility

  • Any individual with self-declaration/Proof that he is engaged in Agriculture Activities / the proceeds of LABOD/ODBOD will be used for agriculture purpose.
Quantum of Loan 90% of the Face Value or Book value whichever is higher.
Nature of facility Demand / Term Loan
Overdraft
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 10% against duly discharged fixed/short deposit Receipts of all tenors.
Repayment Period
  • Bullet Payment .No repayment schedule is be stipulated.
Subsidy -
Security
  • LDOC-16A- Letter of Depositing Fixed / Short Deposit
  • Pledge of duly discharged Deposit Receipt
Purachase of Estates / Orchards Growing Traditional Plantation Crops
Particulars Guidelines under the scheme
Purpose For purchase of estates growing traditional plantation crops viz. coffee, tea, rubber, cardamom, cashew, pepper, coconut and other perennial orchard crops.

Eligibility

  • The borrower should be engaged in agriculture activity as 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 Estate 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.
Quantum of Loan -
Nature of facility -
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 50%
Repayment Period
  • The loan should normally be repayable maximum within 7 years excluding moratorium period
Subsidy -
Security
  • Mortgage of the property to be purchased & hypothecation of plantation crops raised on the land / Estate.
Shahari Bagwant Yojna
Particulars Guidelines under the scheme
Purpose
  • The scheme is basically intended to encourage and facilitate kitchen garden or decorative horticulture to be undertaken by owners, occupants and housewives.
  • Finance can be extended at all centres (Urban, Metropolitan, Semi- Urban and Rural). This scheme is only for Horticultural crops in residential sites.

Eligibility

Individuals:

  • Should possess independent house having 500 sq. ft of open space for gardening. For raising of roof garden, similar area of open encumbered roof space must be available.
  • Should have regular source of income. Salaried person. Professionals and business men having steady income will be covered under the scheme. Salary certificates of the employees and income tax assessment orders of others individuals should be obtained
  • Proprietary or partnership firms, trusts and societies can be financed under this scheme. Privately owned schools, Offices, guest houses, hospitals and hotels having at least 1000 square feet of open space for gardening are eligible. Parking place and play areas should be counted as garden space.
Quantum of Loan
  • A unit cost of Rs. 33,000/- be taken for every 1000 square feet of garden space.
  • Maximum amount of loan is Rs. 3 lacs for individual and Rs.30 lacs for institutions.
  • Loans for less than 20000/- should not be considered.
Nature of facility Term Loan
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • Upto Rs. 1.00 lacs – Nil
    Above Rs. 1.00 lacs – 15 %
Repayment Period
  • 12 to 24 monthly installments for individuals
    12 to 36 monthly installments for institutions.
Subsidy -
Security -
Planters Card Scheme
Particulars Guidelines under the scheme
Purpose
  • To meet the short term credit requirements for cultivation of coffee, inter-crops & other plantation crops.
  • To meet post-harvest expenses, produce marketing loan, consumption requirements of planter’s household, working capital for maintenance of farm assets and activities allied to agriculture like dairy animals, poultry, inland fisheries etc., payment of insurance premium towards crop / asset / health insurance.

Eligibility

Individuals:

  • All planters/cultivators/tenant farmers engaged in plantation activities
Quantum of Loan
  • Fixation of Annual Limit:- As per the scale of finance approved by DLTC. In case planters use modern package of practices involving higher input cost and if DLTC fixed scale of finance is not adequate to raise / maintain the crop, additional amount upto 25% of scale of finance, over and above the scale of finance may be considered on merits of individual case, on the request of the party.
  • 40% of total crop production requirement for post harvest activities /consumption need
Nature of facility Term loan
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • For crops with notified scale of finance by DLTC: No margin.
  • For crops not under notified scale of finance by DLTC: Estimated cost of cultivation - Applicable margin.
  • For term loan and also for (B) above:
    i) Up to Rs.1,00,000/- : No Margin
    ii) Above Rs.1,00,000/-: 15 to 25% depending on purpose and quantum of loan.
Repayment Period
  • The repayment period for the operative limits to be fixed for 31st July
Subsidy -
Security -
Rate Of Interest Of New Schemes

Financing Protected Cultivation (Green House/polyhouse Etc.) Projects

Limit Applicable ROI
Limit upto Rs 3.00 lakhs One year MCLR + SP
Limit above Rs 3.00 lakhs and less than Rs 25.00 lakhs One year MCLR + SP + 1.25%

Limit Rs 25 lakhs and above

Limit Applicable ROI
3 years & above and upto 5 years One year MCLR + SP + 2.10%
Above 5 years and upto 7 years One year MCLR + SP + 2.15%
Above 7 years and upto 9 years Five year MCLR + SP + 1.85%

Financing Farmer Producer Companies (FPC)

Limit Applicable ROI(Concession will apply)
Limit above Rs 3.00 lakhs and less than Rs 25.00 lakhs One year MCLR + SP + 1.25%
Limit above Rs 25.00 lakhs As per details given Below
For Loan period less than -3- years One year MCLR+ Strategic premium+2.00%
3 years & above and up to 5 years One year MCLR+ Strategic premium+2.10%
Above 5 years and up to 7 years One year MCLR+ Strategic premium+2.15%
Above 7 years and up to 10 years One year MCLR+ Strategic premium+1.85%

Terms & Conditions

Margin

Short Term Loans Margin
Upto Credit Limit Rs 100000/- Nil
Above Credit Limit Rs 100000/- 15%
Term Loans Margin
Upto Credit Limit Rs 100000/- Nil
Above Credit Limit Rs 100000/- Margin
- Tractors & Heavy Agriculture Machinery - 10%
- Other Loans - 15%
Clinic Agri Business Margin
Upto Rs 5 Lacs Nil
Above Rs 5 Lacs 15%

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.

Security

Crop Loan/short Term Loans

  • D.P. Note & Hypothecation of crop for credit limit up to Rs 160000/-
  • D.P. Note & Hypothecation of crop and mortgage of land or third party guarantee for limit above Rs.160,000/-

Investment Loans wherever moveable assets are created

  • D.P. Note & Hypothecation of moveable assets to be purchased out of loan up to cost of economic unit or Rs 1.6 lac whichever is lower
  • D.P. Note, Hypothecation. of moveable assets & charge/mortgage of land or third party guarantee for credit limit above Rs 1.6 lac.

For Agri. Clinic- agri business

  • D.P. Note & Hypothecations of assets for credit limit upto Rs 5 lacs.
  • D.P. Note , Hypothecations osf assets & Mortgage of land/3rd party guarantee for credit limit above Rs 5 lacs

Investment Loans wherever moveable assets are not created

  • Where moveable assets are not created, mortgage of land is required for limit above Rs.10,000/-.

Loan Agreements

Where To Approach

At the nearest rural and semi-urban branch. In case you desire, you may also contact us at Head Office, Vadodara.

Contact Us

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 : ps.bcc@bankofbaroda.com

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