Composite Minor Irrigation

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Composite Minor Irrigation

Composite Minor Irrigation

The activities financed under Minor Irrigation are as under:

Purpose

  • Financing for Pump sets / Oil Engines / Pipeline.
  • Financing for Dug well/ Repairs to wells /Bore wells / Tube wells
  • Financing for Ponds/ Water storage tanks.
  • Financing for Micro Irrigation i.e. Sprinkler / Drip irrigation
  • Financing for Automized / Computerized Irrigation Systems.
  • Financing for Individual / Cooperative Lift Irrigation Schemes.
  • Financing for Rainwater Harvesting Scheme.
  • Financing for purchase of generator sets for irrigation purposes.

Features :

  • Type of Facility: Agriculture Term Loan
  • Quantum of Loan: Min-Rs.10,000/- Max-Rs.49,00,000/-
  • Margin: 15% to 25% of the Project Cost
  • Moratorium: 12 Month.
  • Repayment: Repayable in maximum 24 half yearly instalments after moratorium period
  • Security:
    • As per Bank’s extant guidelines.-

Not applicable


Eligibility

  • Individual farmers, companies /partnership firms /JLGs/SHGs of farmers.

Documents Required

  • Duly filled in application form
  • Proof of agricultural land/ cultivation.
  • Any other document as per sanction.

  • Interest Rate: One-Year MCLR+3.60%.
  • Upfront- fee:
    As per Bank’s extant guidelines.

For more details, please visit nearest SBI Branch.


Last Updated On : Thursday, 05-02-2026

Interest Rates

7.25%* p.a. onwards

w.e.f. 15.12.2025

*T&C Apply.

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