Toll Free Number (Domestic):
1800 5700
1800 5000
Helping millions of Indian farmers benefit from our schemes.
Bank of Baroda, for rural India, with rural India.
Financing Construction of Farm Buildings Structures
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Benefits
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Features
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Eligibility Criteria
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Document Required
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Fees & Charges
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Most Important Terms & Conditions (MITC)
Financing Construction of Farm Buildings Structures : Benefits
- Provides financial assistance to farmers for construction of different farm building structures including farm house cum dwelling units.
Financing Construction of Farm Buildings Structures : Features
- Provides long term loans for different farm structures and farmhouse cum dwelling units
- Reimbursement is allowed for expenses incurred for farmhouse cum dwelling unit
Financing Construction of Farm Buildings Structures : Eligibility Criteria
- All individuals engaged in the cultivation of crop as owners of land or as permanent tenants or as leaseholders (for a reasonably long period) and have adequate productive utility of proposed construction.
- For construction of farmhouse cum dwelling unit farmers should have their own land with sufficient income to repay the instalments.
Financing Construction of Farm Buildings Structures : 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 Returns (if available)
Financing Construction of Farm Buildings Structures : 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
Financing Construction of Farm Buildings Structures : Most Important Terms & Conditions (MITC)
| Quantum of Loan | No cap on loan amount |
| Security |
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| Repayment Period |
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| Rate of Interest | MCLR+SP |
| Margin Norms | 15% (25% for reimbursement) |
| Other Informations |
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Note : The Bank may use the services of agents in sales/marketing etc. of its various products
Need Assistance?
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Toll Free Number
For Domestic Customers
Calling From Abroad (24X7):
+91 79-66296009 -
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What is a farmhouse loan?
Farmhouse loan refers to the financial assistance extended to the farmers for building infrastructure for farm use and its dwelling units.
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What is the purpose of a loan for construction of farmhouse on agricultural land?
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Can we build a farmhouse on agricultural land?
