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MINOR IRRIGATION
 
OBJECTIVE

The following activities can be considered for financing under Minor Irrigation –

  • Lift Irrigation
  • Well Irrigation
  • Drip Irrigation
  • Sprinkler Irrigation
  • Electric Motor & Pump Set
  • Diesel Engine
  • Construction of pump house/water delivery channel
  • Payment of deposit to the State Electricity Board
PURPOSE
  • The following activities can be considered for financing under Minor Irrigation,
    Lift Irrigation
    Well Irrigation
    Electric Motor & Pump set
    Diesel Engine
    Construction of pump house/ water delivery channel
    Payment of deposit to the State Electricity Board also be considered
    Any other type of need based facility/construction suitable to the topography of the agricultural field
ELIGIBILITY As per unit cost approved by NABARD / Cost of the Project
TECHNICAL FEASIBILITY
  • Principal/ Collateral

    • Loans upto Rs.1.00 lakh –
    • Hypo. of Assets purchased/ created out of Bank finance.
    • Loan limit above Rs.1.00 lakh - 
    • Hypo. of Assets purchased/ created out of Bank finance.
    • Mortgage of land or Declaration as per Agril. Credit Act or Collateral Security of adequate worth
    • Third Party Guarantee.

FINANCIAL VIABILITY
  • Loan upto Rs.1.00 lakh  -  Nil  
  • Loan over Rs.1.00 lakh – 15% to 25%
TECHNICAL FEASIBILITY
  • Interest Rates as decided by the Bank from time to time.
FINANCIAL VIABILITY

Repayment inclusive of gestation period is as under -

 

Repayment period

Moratorium period

Dugwell with or without pump set/ oil engines

11-15 years

23 months

Deepening of well

5 years

11 months

Pump set/ Oil Engine

9 years

11 months

Bore Well

11-15 years

11 months

Sprinkler/ Drip Irrigation

10-15 years

11 months


Repayment in half yearly/ yearly installments as per cropping pattern

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Minor Irrigation