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Loan for Renewable Energy Equipment for Agriculture

Item

Particulars

Purpose

Installation of Solar water pumping system.

Eligibility

The farmer should have adequate land with source of water

Quantum of finance

75% of the cost of the equipment

Security

Hypothecation of equipments and mortgage of agricultural land as per extant guidelines for Agriculture Advances  

Margin

25%

Rate of interest

Linked to Base rate as per extant guidelines issued from time to time.
 

Service Charges

As per extant guidelines issued from time to time

Repayment

Minimum 5 – 7 years  

 
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