Under the Aabiari Finance (Irrigation Finance), financing facilities for tube well, other wells, irrigation systems of all types including sprinklers are covered. The purpose is to facilitate the farmers in overcoming the shortage of water for cultivation/plantation since water is essential requirement for crops.
- The requirements may differ from farmer to farmer.
- Evaluation/assessment of finance will be made on case to case basis.
- The finance will be for a period to be determined on the basis of assessment
- Repayment of the loan will be on biannual basis or linked with crop cycle
- Three quotations will be required in case of machinery to be installed