The Purpose is to Provide irrigation facilities to the standing crops/ raising off seasonal crops, sprinkler and drip irrigation
Particulars:
Maximum Limits Rs. 3.00 lacs or 85% of the project cost whichever is less per borrower or cost of land under crop. Eligibility Criteria 50 times of the gross monthly salary of the applicant or Rs. 10.00 lacs whichever is less ensuring 35% take home salary by the loanee after payment of installment of loan. Margin 15% of the total cost. Repayment Period is maximum periods of 10 years including moratorium period of 1 year. Collateral Security include the land under cultivation of the borrower shall be kept under charge of the bank.
Beneficiaries:
Community
Eligibility criteria:
Coop. Society self-help groups, individuals.
Contact
G.M. (Banking)
The Himachal Pradesh State Cooperative Bank Ltd.
Head Office
The Mall, Shimla- 171001.
0177- 2804492 202
gmb@hpscb.com
