Purpose:
- Financing all types of minor irrigation projects.
Eligibility*:
- Individual, Firm, Company, HUF and Trust engaged in Agriculture Activities.
Limit:
- Maximum upto ₹ 100.00 lakh.
Margin:
- Minimum 15% on the cost of equipments/project cost.
Period:
- Up to 9 years.
Security:
- Up to ₹ 1.60 lakh:
Hypothecation of crops and assets purchased out of Bank loan. - Above ₹ 1.60 lakh:
- Hypothecation of crops and assets purchased.
- Collateral security of Agriculture land/commercial/residential properties covering at least 100.00% of loan amount.
Repayment:
- Yearly Installments coinciding with harvesting/marketing of crop.
Rate of interest:
As per EBLR Guidelines.
The above information is subject to terms and conditions.For more details, please contact the nearest Branch.
*Conditions Apply
