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

Financing Irrigation

Provides financial assistance for different type of structures for the purpose of irrigation.

All persons engaged in cultivation of crops as owners of land or permanent tenants or lease-holders (for a reasonably long period).

Processing charges:

Inspection Charges:

Repayment Period

Maximum period 9 years depending upon purpose of investment and economic life of asset.

Security

Up to the cost of economic unit (wherever applicable) or Rs. 1.60 Lakhs whichever is lower	D.P. Note Hypo. of Assets
For loans above Rs.1.60 lakh	D.P. Note - Hypo. of assets. - Mortgage of land or 3rd party Guarantee.

Rate of Interest

Limit upto Rs.3 Lakhs	One year MCLR+ SP
Limit above Rs.3 Lakhs and < 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%

Margin

Other Informations

Borrower should produce a feasibility certificate in respect of tubewell from the appropriate authority.
In case of river lift irrigation project, permission from Collector / appropriate authority should be obtained.
Borrower should give an undertaking to buy equipment with BIS specifications.
Digging of wells will be financed only in areas characterized by Groundwater Directorate suitable for irrigation.
Deepening of wells will be financed only in areas demarcated by the State Groundwater Directorate as suitable for deepening.

Note

The Bank may use the services of agents in sales/marketing etc. of its various products

Note : The Bank may use the services of agents in sales/marketing etc. of its various products