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Completion of incompletely built well / New well digging and construction / Construction of RCC / Stone of well

Sr.

Loan Type

Loan Limit in Rs.

Period in Years

Minimum Land Requirement of Borrower

Minimum Land Requirement of Guarantor

a.

Completion of incompletely built well

Rs. 50,000 from bank funds

7 years

1.20 Hectare

2 Nos. of 1.20 Hectare land owners or 2/3 Nos. of 2.40 Hectare land owners

b.

New well digging and construction

Rs. 1,98,000 from bank funds

12 years with 1 year relaxation period

0.80 Hectare

2 Nos. of 0.60 Hectare land owners or 2/3 Nos. of 1.20 Hectare land owners

c.

Construction of RCC / Stone of well

Rs. 50,000 from bank funds

7 years

0.80 Hectare

2 Nos. of 0.80 Hectare land owners

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