Composite Minor Irrigation

Agri & RuralCrop LoanGold LoanMicro Credit
Show More
Farm mechanization LoanAllied ActivitiesMiscellaneous ActivitiesGovernment SchemesAgriculture Loan Application
Composite Minor Irrigation
Composite Minor Irrigation
Composite Minor Irrigation

The activities financed under Minor Irrigation are as under:

Purpose

  • 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:
    • As per Bank’s extant guidelines.-

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%.
  • Upfront- fee:
    As per Bank’s extant guidelines.

For more details, please visit nearest SBI Branch.


Last Updated On : Wednesday, 02-07-2025

Interest Rates

7.50%* p.a. onwards

w.e.f. 15.06.2025

*T&C Apply.

 

View All
SEE PRODUCTS APPLY NOW
Quick Links