This financing facility is designed to facilitate Agricultural farmers in obtaining Agriculture Development Loans (Term Finance) to purchase and installation of brand-new electric/solar tube wells, lift pumps & High Efficiency Irrigation Systems & Solarization of Irrigation System.
- Age Limit 18 to 62 Years
- Loan Tenor: 3 to 5 years (For Purchase & Installation of Irrigation system without Solar System)
- Loan Tenor: Maximum for 10 years (including grace period of one year for Solarization of Irrigation System)
- Debt to Equity (70:30)
- Minimum ownership & Cultivation requirement:
- 12.5 Acre for Solar Tube Well/pumps
- 7 Acre for Conventional Tube Well/pumps
- 3 acres for High Efficient Irrigation Systems.
- Repayable in Half Yearly installments.
- This financing facility is also available for women farmers
- Loans can be extended against one or more security options, details below:
- Agriculture Land
- Urban Property
- Liquid Securities
- Hypothecation
Disclaimer: Terms & Conditions apply, bank reserves right to reject any loan application for any reason