Allied Aabayari

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.

  • Terms & Conditions

    • 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