Home | About Us | Success Stories | Farmers Association | Farmers' Innovation | Publications | Contact
Banking & Credit :: Bank of India

Loan for Renewable Energy Equipment for Agriculture

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:

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 

 For further details Click here

 

Home | About Us | Success Stories | Farmers Association | Publications | Farmers' Innovation | Disclaimer | Contact Us

© 2016 TNAU. All Rights Reserved.