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Age Limit: 18 to 62 years
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Loan Tenor:
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3 to 5 years (for purchase & installation of irrigation system without solar system)
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Maximum 10 years (including a grace period of one year for solarization of irrigation system)
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Debt-to-Equity Ratio: 70:30
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Minimum Ownership & Cultivation Requirement:
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12.5 acres for solar tube wells/pumps
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7 acres for conventional tube wells/pumps
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3 acres for High-Efficiency Irrigation Systems
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Repayment: Repayable in half-yearly installments
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Women Farmers: This financing facility is also available for women farmers
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Security Options (one or more may be accepted):
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Agriculture Land
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Urban Property
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Liquid Securities
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Hypothecation
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Disclaimer: Terms & Conditions apply. The bank reserves the right to reject any loan application for any reason.