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.
Terms & Conditions
- Age Limit 18 to 62 Years
- Loan Tenor: 3 to 5 years
- Debt to Equity (70:30)
- Minimum ownership & Cultivation requirement:
- 7 acres for Conventional/Solar Tube Well/pumps
- 3 acres for High Efficient Irrigation Systems
- Repayable in Half Yearly installments.
- Loans can be extended against one or more security options, details below:
- Agriculture Land
- Urban Property
- Liquid Securities
Disclaimer: Terms & Conditions apply, bank reserves right to reject any loan application for any reason