Here are the main eligibility criteria for Bank of Baroda's Credit Risk Guarantee Fund Scheme for Low Income Housing (CRGFS):

Individual borrowers:

• Income Category: Belongs to the Economically Weaker Section (EWS) or Lower Income Group (LIG) category. EWS income is defined as up to Rs. 1,00,000 per annum, LIG income is defined as Rs. 1,00,001 to Rs. 6,00,000 per annum (subject to revision by the Ministry of Housing & Urban Poverty Alleviation).

• Loan Amount: Seeking a loan not exceeding Rs. 8 lakh.

• Housing Unit Size: Maximum size of the housing unit is 430 sq. ft. (40 sq. m) carpet area.

• Collateral: No collateral security or third-party guarantee required.

• Loan Purpose: For home improvement, construction, acquisition, or purchase of new or second-hand dwelling units.

• Previous loans: Not availed any other home loan covered under this scheme previously.

• Additional risk cover: Not availed any additional risk cover on the loan from the government, general insurer, other institutions, or any individual/association involved in insurance, guarantee, or indemnity.

• Loan purpose restriction: Home loans availed fully/partially for renovation/repairs are not eligible for the guarantee cover.

Group borrowers:

• Group Formation: Eligible borrowers as defined above can also form a group or housing society of at least 20 members.

• Loan Conditions: All loan conditions mentioned for individual borrowers apply to each member of the group.