Before applying for a loan under this scheme, applicants should take a trial pit to ensure availability of sufficient water.
|Unit Cost||:||The unit cost of financing for a dug well is as per NABARD guide lines.|
|Margin||:||15% to 25%|
|Security||:||Mortgage of farm lands|
|Repayment||:||11 to 15 years including grace period of 23 months and payable annually|