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Features

LOAN FOR MINOR IRRIGATION
Loan for minor irrigation is available for financing - Drip/Sprinkler Irrigation System.
Eligibility:-
All small/marginal/large farmers are eligible for financing for installation of drip/sprinkler irrigation system.
Quantum of loan:-
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.
Margin:-
Margin includes 10% to 15% of the project cost. Subsidy, if any, will form part of margin.
Rate of Interest and Processing charges:-

Please click here to know our latest interest rates

Repayment:-
15 years with moratorium period up to 11 months (to coincide with harvesting of crops/marketing of produce).
Security:-
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.

Forms & Documents

FAQs


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