Features

Federal Bank offers credit for creating irrigation facilities from underground / surface water sources.

 

Purpose

  • All structures and equipments connected with it are financed.

 

Loan Amount

  •  Up to Rs. 50,000/- 100 % of the cost of the asset / project
  •  Above Rs. 50,000/- up to 85 % of the cost of the asset / project

 

Security

  • Up to Rs. 10,000 - Personal Guarantee
  • Above Rs.10,000/- & up to Rs 1 Lakh
    • Personal Guarantee  
    • Mortgage of land or third party guarantee at the discretion the Bank
  • Above Rs 1 Lakh - i. Hypothecation of the assets created if any.  ii. Mortgage of land

Eligibility

  • All farmers having a known source of water, which can be exploited for irrigation purpose.

Documents Required

  • An estimate for civil works to be undertaken and quotation for the assets to be purchased have to be submitted. 
  • Land records to ascertain the title to the property
  • Geologist certificate and feasibility certificate from the electricity board should also be submitted wherever relevant.

Rates & Charges

Please refer rates & charges page