Info reequired about agri loans for irrigation setup, motors, machinaries and crops

S

smrsraja

Member
Hi every one,

Has anyone availed agri loans from any of national banks for setting up drip/sprinkler or any other irrigation, buying new motor pumps and machines, or buying horticulture saplings.

Can you please share the information about
1)documents required for applying for such loans
2)interest rates
3)is there any maximum cap for the loan amount
4)what is the maximum tenure
5)frequency for repayment (monthly/quaterly)
6)i know SBI, Indian banks provide such loans. Any other banks? What about Nabard?

Also what if there are subsidies for irrigation. Can i get the loan first and once received the subsidy can repay the loan?

Thanks in advance.
 

HI

You can avail loans from any Nationalised banks from irrigations and other agricultural operations/ machineries. For details on subsidy please contact the NAtional Horticulural Board.


REgards
Ashwini
 

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