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Micro Irrigation System Financing

This product would be offered to client / farmers who are in need of financing purchase / installation of MIS in their farms.

The usual tenor applicable for this loan can go upto 60 Months depending upon the requirement.

  • Maximum Tenure - 60 months
  • Minimum Margin - 15%
  • Processing fees - 1%+ST
  • Interest rate for tenure between 12 months 1 day upto 18 months - 11%
  • Interest rate for tenure between 18 months 1 day upto 30 months - 12%
  • Interest rate for tenure between 30 months 1 day upto 36 months - 13%
  • Interest rate for tenure above 36 months - 17%