7. Solar Photo Voltaic Pumpsets(SPV) for Irrigation

Purpose: To harness renewable sources of energy by promoting setting up of solar photo voltaic pumpsets (SPV) for irrigation purposes

Eligibility: The farmers viz. Small farmers and Marginal farmers or SC / ST category who cannot pay Rs.30,000/- lease fee out of their own resources. (SPVs are low capacity pumping system which can irrigate 1-2 hectares only)

Loan: Upto Rs.30,000/- to the farmers as up-front fee to be paid by them to financial intermediaries for installation of SPV pumpsets

Rate of Interest: As applicable to Minor Irrigation

Repayment: Not exceeding 10 years

Advantages: Most environmental friendly, does not require fuel / electricity, no operational cost

Disadvantages: Cannot be used for deep water table(12mts) due to low capacity. It can irrigate only small area of 1-2 hectares and high cost of pumpset

8. Scheme for purchase of land for agricultural purpose

Purpose: Purchase of agrl. land as well as fallow and waste land to SF / MF / landless agri labourers

Eligibility: SF and MF and landless agri labourers.

Total land holding should not exceed the prescribed ceiling of land holdings including the purchased one as advised by NABARD

Quantum of loan: Should not exceed Rs.2 lacs by way of ATL and investment on land development & provision of irrigation should not exceed 50% of the cost of land

Margin: 20% or prescribed by RBI from time to time

Interest: As applicable to ATLs

Repayment: 7-10 years in half yearly / yearly instalments including a moratorium of 24 months

 

9. Scheme for development of Vanilla

Purpose: For cultivation of vanilla as inter cropping with crops like coconut, coffee,pepper ,arecanut etc.,

Eligibility: Progressive farmers. Maximum 5 acres can be financed

Unit cost

1. Establishment of new vanilla crop 500 plants per acre as mixed crop in existing coconut, arecanut and coffee Rs.55000/- per acre
2. Maintenance of vanilla crop(crop loan) Rs.15000/- per acre

Repayment: 6 years including a grace period of 3 years. Crop loan – 1 year