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Banking & Credit :: Bank of India

Minor Irrigation

Objective: 

The objective of the Minor Irrigation schemes should be to meet genuine credit needs of the farmers for development of farm irrigation facilities to improve cropping intensity, better yields and incremental income from the farm. 

Purpose: 

The following activities can be considered for financing under Minor Irrigation, 
  • Lift Irrigation
  • Well Irrigation
  • Electric Motor & Pump set
  • Diesel Engine
  • Construction of pump house/ water delivery channel
  • Payment of deposit to the State Electricity Board also be considered
  • Any other type of need based facility/construction suitable to the topography of the agricultural field

Eligibility:

  • Individual Farmers 
  • Group of farmers/ Co-Operative Society of the farmers 
  • State Irrigation Corporations/ Bodies offering the guarantee of State Government 

  • Individual farmers /Group farmers, Co-operative societies should have owned land or registered leased land and should be willing to adopt advanced farming techniques and improved cropping patterns. 

  • In case of lift irrigation schemes, permission from the competent authority like the irrigation/PWDepartment of the state Govt. to lift water from the river/lake at least during the currency of the loan should be obtained

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