Purpose – New well, bore-well, SIP set, IP set, DP set, Pipe line, sprinkler and drip irrigation etc.
Eligibility – All the farmers owning minimum of 3 acres of land
Loan amount – As per NABARD unit cost
Disbursement – For development activity in the field, in stages and purchase of assets as per quotation directly to the dealer
Security & Margin – Loan agreement and hypothecation of moveable assets for Loan up to Rs.50, 000/-
For loans above Rs.50, 000/ Hypothecation of assets created and equitable or registered mortgage of landed property
Margin – 10-25% depending on cost of the scheme
Repayment – 5 years to 10 years depending on the scheme; Minor irrigation including lift irrigation:
Document:
Loan up to Rs.50, 000/-:
- ROR, holding certificate, No due certificate.
- To purchase IP set, Pipeline – quotation.
- For lift irrigation: Water lifting permission from department of Minor Irrigation
Loan above Rs.50, 000/-:
- ROR, holding certificate, no due certificate.
- 13 years encumbrance certificate
- Legal opinion on landed property.
- IP set, pipeline, drip sets, sprinkler sets, SIP set etc., Quotation.
- Passport size: 3 photos.