PURPOSE: Purchase of pumpsets, Deepening of wells /repairs to wells, borewell, shallow tubewell, sprinkler sets/drip irrigation sets/solar pumps / wind mills/ lift irrigation / generator sets for energisation of pumpsets, etc.
ELIGIBILITY: Minimum 1 acre of agricultural Land (This condition does not apply for projects sponsored by DRDA, SGSY, State Development Agency)
Projects is being set up in white area & is technically feasible/ economically viable.
Minimum distance criteria of at least 200 sq. yards between tube wells.
EXTENT OF LOAN: Need based (Prices /Invoices must be according to price list issued by manufacturer or rate contract of State Govt. Concerned or unit cost approved by NABARD/Bank
REPAYMENT:
• Pumpsets: 9 Years
• Deepening of wells/Persian wheels/Rahat: 5 years
• Linking of Water course /Field Channels: 9-15 years
• Sprinkler/Drip Irrigation: 10-15 years
• Filter point and pump set, shallow tube wells, bore well, dug well with or without pumpset, lift irrigation and on farm development (OFD) Under Command Area Development (CAD) – 11-15 years
GESTATION PERIOD:
• Pumpset: 12 months
• OFD: 24 months
• Lift Irrigation: 36 months
• Others: Max.1 year