Kisan Divas
Kisan Diwas
Baroda ke Sang,
Pragati ke Rang

Prosperous Farmer.
Prosperous India. Celebrating Kisan Pakhwada
1st - 16th October 2018

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#BarodaKisanDiwas

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Bank of Baroda celebrates the spirit and vigour of farmer fraternity of our country by offering a competitive and robust agricultural products and offerings to aid optimal growth of the farmer’s business.

The Bank supports that government’s mission to double farmers’ income by 2022 and UN’s objective to celebrate International Food Day . In order to spread awareness ensure food security and nutritious diets for all, events are organized nationally and internationally. As a national entity and one of the most trusted Banks in India, Bank of Baroda considers it as it’s responsibility to educate the farmers and the public about preventing and reducing food wastage.


PAN India Ground Level Activities on Baroda Kisan Diwas by Bank of Baroda

Activities Counts
Choupals 832
Participants 21322
Credit Camps 135
Health Camps 42
Farmer Meetings 566
Farmers Appreciated 2517
Literacy Camps 222
Total Farmers Reached 136344

Celebration of Baroda Kisan Diwas

On Ground Activation

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  • Kisan Diwas
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 :

  • Maximum Rs 50.00 Lakhs

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

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