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Financing solar energy based pump set loans
Purpose
Loan will be granted for installation of solar water pumping system.
Eligibility
Components:
Quantum of Loan
Maximum 75% of the cost of the equipment.
Margin
Minimum 25% If subsidy is available, the same can be considered as margin
Security
Hypothecation of equipment /assets financed.
Repayment
Forms & Documents
Appropriate DPN note, Deed of Guarantee, Letter of continuity, Hypothecation agreement, Mortgage deed ,Letter of general lien and setoff, Declaration/undertaking for Agriculture advance, Undertaking from borrower /Guarantor for disclosure to CIBIL and any other document stipulated in sanction
Solar Water Heater
To purchase brand new solar water heating systems with necessary accessories for usage in Agro processing Units.
Small & Marginal farmers/share croppers/tenant farmers/ agri-entrepreneurs.
Minimum 15% of the cost of equipment’s including the cost of accessories. If subsidy is available, the same can be considered as margin
Loan Amount
Maximum 85% of the project cost including the cost of accessories
Maximum period of 05 year
Appropriate DPN note, Deed of Guarantee, Letter of continuity, Hypothecation agreement, Mortgage deed ,Letter of general lien and setoff, Undertaking from borrower /Guarantor for disclosure to CIBIL , Declaration/undertaking for Agriculture advance and any other document stipulated in sanction
Solar Home Lightening Scheme
Solar home lighting system aims at providing electricity for operating LED lights and small DC loads for specified hours of operation per day in rural farms. Solar Lighting Models : Model-I One white LED luminaire Model-II Two white LED luminaire Model-III Two white LED luminaire & one DC fan of wattage I upto 10W Model-IV Four white LED
Small and Marginal farmers /share croppers/tenant farmers/ Agri-entrepreneurs
Minimum 15% of the cost of equipment’s including the cost of accessories. If subsidy is available, the same can be considered as margin.
Maximum period of 05 years
Gobar/Bio Gas Plant
To provide hassle-free and adequate credit for the construction of bio-gas/Gobar gas plant and to acquire accessories like stove, lamp, etc. by way of term loan.
The beneficiary farmers should have minimum number of cattle herds in relation to the size of the plant and should have proper site for erection of the Plant.
The loan amount will depend upon the size and type of the plant and NABARD project unit cost.
Maximum period of 07 years
Appropriate DPN note, Deed of Guarantee, Letter of continuity, Hypothecation agreement, Mortgage deed ,Letter of general lien and setoff, Undertaking from borrower /Guarantor for disclosure to CIBIL , Declaration/undertaking for Agriculture advance and any other document stipulated in sanction.
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Conditions apply.
For more details please contact our nearest branch