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Rural

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

75% of the cost of the equipment

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