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Composite Minor Irrigation


Composite Minor Irrigation
The activities financed under Minor Irrigation are as under:
Direct Finance: :
- Financing for Pump sets / Oil Engines / Pipeline.
- Financing for Dug well/ Repairs to wells /Bore wells / Tube wells
- Financing for Ponds/ Water storage tanks.
- Financing for Micro Irrigation i.e. Sprinkler / Drip irrigation
- Financing for Automized / Computerized Irrigation Systems.
- Financing for Individual / Cooperative Lift Irrigation Schemes.
- Financing for Rainwater Harvesting Scheme.
- Financing for purchase of generator sets for irrigation purposes.
Features :
- Type of Facility: Agriculture Term Loan
- Quantum of Loan: Min-Rs.10,000/- Max-Rs.49,00,000/-
- Margin: 15% to 25% of the Project Cost
- Moratorium: 12 Month.
- Repayment: Repayable in maximum 24 half yearly instalments after moratorium period
- Security:
- Up to Rs.1.60 Lakh: -
- Primary: Hypothecation of Moveable asset Created.
- Collateral: Nil.
- Loans above Rs.1.60 lakh:-
- Primary: Hypothecation of Movable Asset Created.
- Collateral: Mortgage of land /Charge on Land;
- Up to Rs.1.60 Lakh: -
- Interest Subvention: Not Applicable
Eligibility
- Individual farmers, companies /partnership firms /JLGs/SHGs of farmers.
Documents Required
- Duly filled in application form
- Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card/Driving License etc.
- Proof of agricultural land/ cultivation.
- Any other document as per sanction.
- Interest Rate: One-Year MCLR+3.60%.
- Processing charges:
Up to Rs.2.00 Lakh -NIL
Above Rs.2.00 Lakh 1.40% of Loan amount +GST
What is the objective of “Composite Minor Irrigation” Scheme?
- To increase the area under irrigation and to improve the water use efficiency.
- To improve the crop production and productivity of crops which in turn will improve the farmers economic status
For more details, please visit nearest SBI Branch.
Last Updated On : Saturday, 18-11-2023

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
6.50% p.a.
for loan amount up to Rs. 2 lacs
8.65% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs
Farm Mechanization Loan
Limited Time Offers - Unlimited Joy

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
6.50% p.a.
for loan amount up to Rs. 2 lacs
8.65% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs