#

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

Security

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

Margin

25%

Rate of interest

As per interest rate decided by the Bank from time to time.

Service Charges

As per extant guidelines issued from time to time

Repayment

Minimum 5 – 7 years