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Agricultural Advances / Development Of Old Well Scheme
Before applying for a loan under this scheme, ensure availability of sufficient water.

Eligibility * The applicant should be owner and cultivator of land and well
Unit Cost The unit cost for financing/development of a dug well as per NABARD guide lines.
Margin 15% to 25%
Security Mortgage of farm lands
Repayment 5 years with annual repayment
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