MINOR IRRIGATION SCHEMES

Purpose

Loan covers various activities like digging of new wells (open / bore wells), deepening of existing wells, energisation of wells (oil engine/electrical pump set ),laying of pipelines, installing drip / sprinkler system and lift irrigation system.

Who are eligible?

All farmers having a known source of water available for irrigation purpose are eligible for the loan.

Loan amount

For loans upto Rs 1,00,000/

100 % of the project cost

For loans above Rs 1,00,000/

75% to 85% of the project cost will be provided as loan.

What are documents you need to provide?
  • Land records

  • Quotation for the assets to be purchased

  • An estimate for the civil works to be undertaken

  • Geologist certificate wherever applicable

  • Feasibility certificate from the EB Dept

Security

A) Where movable assets are not created

(a) Upto Rs 100000/-

NIL

(b) above Rs 100000/-

Personal guarantee/and mortgage of land

B) Where movable assets are created

(a) Upto Rs 1,00,000/-

Hypothecation of assets created

(b) Above Rs 100,000/-

Hypothecation of assets and mortgage of land

How to repay the loan

Repayment will be in Quarterly / half yearly / yearly installments over a period of 5 to 7 years depending on the crops or the liquidity created by the agriculture activity undertaken.

How to apply for this loan

You may contact our nearest branch or even talk to the marketing officers visiting your village.