Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
SHG loan usesLoans for emergency needs, livelihood development, high-cost debt swapping, asset acquisition and income-generating agricultural, allied and non-agricultural activities, based on the group's credit plan.View source
The official feature section lists the purposes and recommends an aggregated credit plan.
- Source
- Financing Under Self Help Groups ()
- Page / section
- Features — Purpose
- Accessed
- 23 Aug 2026
- Confidence
- high
SHG eligibilityThe SHG must have been active for at least 6 months, practise the Panchasutras (regular meetings, savings, inter-loaning, repayment and up-to-date books) and meet NABARD grading norms. Revived defunct groups qualify after at least 3 months of renewed activity.View source
The official eligibility section publishes active-period, Panchasutra and grading requirements.
- Source
- Financing Under Self Help Groups ()
- Page / section
- Eligibility Criteria
- Accessed
- 23 Aug 2026
- Confidence
- high
SHG loan quantumUnder SHG linkage, the corpus determines the loan and the saving-linked ratio may range from 1:1 to 1:4 with no upper ceiling. Under DAY-NRLM, minimum ₹6 lakh is sanctioned for 3 years; drawing power is 6× corpus or ₹1.5 lakh in year 1, 8× corpus or ₹3 lakh in year 2, minimum ₹6 lakh in year 3 and above ₹6 lakh thereafter based on the micro-credit plan.View source
The official publishes both linkage and DAY-NRLM quantum rules.
- Source
- Financing Under Self Help Groups ()
- Page / section
- — Quantum of Loan
- Accessed
- 23 Aug 2026
- Confidence
- high
Collateral and guaranteeCollateral-free advances up to ₹10 lakh to SHGs; under DAY-NRLM, collateral-free loans extend to ₹20 lakh through CGFMU, including loans above ₹10 lakh up to ₹20 lakh.View source
The official benefits and publish the collateral-free thresholds and cover.
- Source
- Financing Under Self Help Groups ()
- Page / section
- Benefits / — Security
- Accessed
- 23 Aug 2026
- Confidence
- high
RepaymentCash credit/
The official publishes separate cash-credit and term-loan periods.
- Source
- Financing Under Self Help Groups ()
- Page / section
- — Repayment Period
- Accessed
- 23 Aug 2026
- Confidence
- high
DocumentsApplication form with KYC documents of the SHG office bearers; SHG resolution authorising the bank loan and operation of the account; sponsorship letter from the sponsoring agency; and member-wise loan requirement (Micro Credit Plan).View source
The official document-required section lists the application, authority, sponsorship and Micro Credit Plan requirements.
- Source
- Financing Under Self Help Groups ()
- Page / section
- Document Required
- Accessed
- 30 Aug 2026
- Confidence
- high
Geographic limitsThe official SHG page does not publish a state, district or territorial restriction; applications are directed through Bank of Baroda’s rural and agriculture banking channels.View source
The complete page describes eligibility, quantum, fees, security and repayment but gives no territorial boundary.
- Source
- Financing Under Self Help Groups ()
- Page / section
- Complete page review
- Accessed
- 30 Aug 2026
- Confidence
- high
Customer typeFarmers, agricultural enterprises and eligible rural borrowersView source
The manually reviewed product record states: “Farmers, agricultural enterprises and eligible rural borrowers”.
- Source
- Financing Under Self Help Groups () — official product page
- Page / section
- Published product metadata
- Accessed
- 15 Aug 2026
- Confidence
- high
Interest rateSHG Bank Linkage Programme: up to ₹3 lakh, one-year MCLR + SP + 1.00%; above ₹3 lakh, one-year MCLR + SP + 1.50%. DAY-NRLM Scheme: up to ₹3 lakh, 7%; above ₹3 lakh to ₹5 lakh, one-year MCLR; above ₹5 lakh, one-year MCLR + SP + 1.50%.View source
The current product-page separates Bank Linkage and DAY-NRLM rates; the priority schedule D.2 repeats those program-specific amount bands. The separate D.2.3.2 tenor-spread block is not assigned because its parent scope is unclear in the text rendition.
- Source
- Financing Under Self Help Groups () — Bank of Baroda
- Page / section
- — Rate of Interest; priority schedule D.2 rate blocks
- Accessed
- 27 Sept 2026
- Confidence
- high
Unified agriculture chargesNil up to ₹6 lakh; above ₹6 lakh to ₹10 lakh, ₹250 per lakh or part thereof; above ₹10 lakh, ₹350 per lakh or part thereof. The unified charge description includes processing, inspection, documentation and ledger-folio charges; the Benefits section separately confirms no processing, documentation or inspection charge up to ₹6 lakh.View source
The current Benefits and fee-table sections agree on the nil-charge threshold and the table gives both per-lakh bands, including any part thereof.
- Source
- Financing Under Self Help Groups () — Bank of Baroda
- Page / section
- Benefits; Fees & Charges — Unified Processing Charges for agriculture segment
- Accessed
- 27 Sept 2026
- Confidence
- high
Priority-sector late-payment chargeFor eligible priority-sector SHG loans, overdue-payment charge bands are: sanctioned amount below ₹50,000, nil; above ₹50,000 but below ₹2 lakh, 1% p.a. on the amount of default; above ₹2 lakh, 2% p.a. on the amount of default. The ₹50,000 threshold applies per member, not to the group. Charges apply only while dues remain unpaid past the due date, are calculated monthly for the actual default period, and are capped at 4% p.a. of outstanding credit facilities; no charge is added on earlier penal charges.Effective 1 Apr 2026View source
The schedule publishes strict less-than/greater-than amount bands and states that the ₹50,000 threshold for eligible / priority loans is per member, not per group. Because the printed bands do not state how exact ₹50,000 and ₹2 lakh amounts are bracketed, those boundaries are not inferred. Apply only if the sanctioned loan is an eligible priority-sector loan.
- Source
- Penal Charges for various types of non-compliances of sanction terms and conditions in Loans and Advances
- Page / section
- page 1, row 1 and note; page 2, notes 1–4
- Accessed
- 27 Sept 2026
- Confidence
- high
Benefits and features
- Loans for emergency needs, livelihood development, high-cost debt swapping, asset acquisition and income-generating agricultural, allied and non-agricultural activities, based on the group's credit plan.
Eligibility
- The must have been active for at least 6 months, practise the Panchasutras (regular meetings, savings, inter-loaning, repayment and up-to-date books) and meet grading norms. Revived defunct groups qualify after at least 3 months of renewed activity.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- application form
- documents of office bearers
- resolution for bank loan and authority to office bearers
- letter of sponsorship from sponsoring agency
- member-wise loan requirement / Micro Credit Plan
Related official documents
Rural & Agri loan catalogue — Financing Irrigation entryofficial-product-catalogue · Targeted eligibility cross-check for Financing Irrigation · accessed 28 Sept 2026
↗Download Forms — Bank of Baroda Business and Rural & Agri forms catalogueofficial-forms-catalogue-page · Current Rural & Agri forms index reviewed; it links the general agricultural-credit form and no tractor-specific form. · accessed 28 Sept 2026
↗Penal Charges for Loans and Advances — effective 1 April 2026official-linked-pdf · current; complete two-page review · accessed 23 Sept 2026
↗Priority Sector Loans Interest Rates — Farm Credit A.1 schedule and scope footnoteofficial-interest-rate-page · Targeted current A.1 comparison; product-page rate rows remain primary and tariff scope is explicitly qualified · accessed 28 Sept 2026
↗Self Help Group Loan Application Form and annexures — Bank of Barodaofficial-loan-application-form-pdf · Text layer reviewed on 7/7 pages; visual verification pending because the official PDF screenshot retrieval returned a cache miss. · accessed 27 Sept 2026
↗Financing Under Self Help Groups (SHGs) — current official product pageofficial-product-page · targeted current rate and fee reconciliation; existing full MITC table retained · accessed 27 Sept 2026
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