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 | | Link to: Farm Mechanization |
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| Minor Irrigation |
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| Features | | | | Forms & Documents | | | | FAQs | | |
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| LOAN FOR MINOR IRRIGATION |
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| Loan for minor irrigation is available for financing - Drip/Sprinkler Irrigation System. |
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| Eligibility:- |
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| All small/marginal/large farmers are eligible for financing for installation of drip/sprinkler irrigation system. |
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| Quantum of loan:- |
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| Around 85% of the project cost, including cost of electric motor, pipeline, booster pump (sprinkler system), filtration equipment (Drip System), etc. is provided by the Bank. |
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| Margin:- |
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| Margin includes 10% to 15% of the project cost. Subsidy, if any, will form part of margin. |
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| Rate of Interest and Processing charges:- |
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Please contact the nearest Union Bank branch for details
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| Repayment:- |
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| 15 years with moratorium period up to 11 months (to coincide with harvesting of crops/marketing of produce). |
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| Security:- |
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| Up to Rs. 1,00,000/- Hypothecation of assets/crops will be taken.
Above Rs.1,00,000/- Mortgage of land and/or third party guarantee will be taken in addition to hypothecation of assets/crops.
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| LIST OF DOCUMENTS
Up to Rs. 1,00,000/- DPN, Hypothecation of assets created and crops.
Over Rs. 1,00,000/- DPN, Hypothecation of assets created and crops, mortgage of land &/or third party guarantee.
To download the application form, please Click Here
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| 1. What is the maximum loan amount? |
| The maximum sanctioned amount will depend upon the cost of the project as 85% of the project cost will be sanctioned as loan. |
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| 2. Is there any subsidy available for minor irrigation? |
| Government of India offers subsidy for minor irrigation projects. Contact your nearest agriculture development officers office for details. |
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| Quick Links |
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 | | Link to: Union Gold Loan |
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