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Bank of Maharashtra Minor Irrigation Loan

Project-cost term finance for wells, tube wells, pumps, drip or sprinkler systems, pipelines, irrigation channels, farm ponds and water tanks, repayable over seven to 11 years.

Interest rateUp to ₹10 lakh: current 11.50% p.a. Above ₹10 lakh: current 12.50% p.a.Maximum financeNew wells, pipelines and pumps follow NABARD unit cost/estimates; equipment follows quotation. No single cap is published.TenureSeven to 11 years, depending on repayment capacity.
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Quick eligibility check

Bank of Maharashtra Minor Irrigation Loan

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No salary floor?

Published source: Eligibility / watershed

2Do you meet this requirement: For individual or joint landholding farmers?

3Do you meet this requirement: New wells must be in a white watershed?

4Document checkDo you have this required document or proof: Form 138 and Enclosure B2?

Published source: Eligibility / watershed

5Document checkDo you have this required document or proof: 7/12, 8A, 6D and boundary records?

Published source: Eligibility / watershed

6Document checkDo you have this required document or proof: No-dues certificates including PACS?

Published source: Eligibility / watershed

7Document checkDo you have this required document or proof: GSDA certificate for a new well in a grey watershed?

Published source: Eligibility / watershed
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India; watershed restrictions apply

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeAgriculture term loan for minor-irrigation assets and works.View source
All eight purposes reviewed.
Source
Minor Irrigation
Page / section
Facility; Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateUp to ₹10 lakh: current 11.50% p.a. Above ₹10 lakh: current 12.50% p.a.View source
Exact formulas calculated from current benchmark.
Source
Minor Irrigation and current notice
Page / section
Rate; page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkOne-year MCLR 9.00% + BSS 0.50% + 2.00% up to ₹10 lakh, or +3.00% above.View source
Current benchmark paired with exact spreads.
Source
effective 25.07.2026
Page / section
Page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published.View source
No fee-inclusive appears.
Source
Minor Irrigation
Page / section
Complete page and schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Eligibility / watershedNo salary floor; individual/joint landholding farmers qualify, subject to white-watershed location or a GSDA certificate for grey-watershed new wells.View source
Dark-watershed wells excluded.
Source
Minor Irrigation
Page / section
Eligibility; Conditions
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum financeNew wells, pipelines and pumps follow NABARD unit cost/estimates; equipment follows quotation. No single cap is published.View source
Both amount bases preserved.
Source
Minor Irrigation
Page / section
Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureSeven to 11 years, depending on repayment capacity.View source
Published range.
Source
Minor Irrigation
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil up to ₹5 lakh; 1% above ₹5 lakh to ₹25 crore.View source
Agriculture term-loan row.
Source
Service Charges
Page / section
page 81
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment charge2% of prepaid amount when prepayment exceeds 25% of sanctioned limit; nil below that outstanding threshold; MSEs exempt.View source
Current all-credit rule.
Source
Service Charges - All Credit
Page / section
Term-loan prepayment row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Covers eight published irrigation purposes
  • -unit-cost or quotation-based finance
  • Seven to 11 years
  • Nil margin up to ₹2 lakh
  • Asset insurance required

Eligibility

  • For individual or joint landholding farmers. New wells must be in a white watershed; a GSDA certificate is required in a grey watershed, and dark-watershed proposals are excluded.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Form 138 and Enclosure B2
  • 7/12, 8A, 6D and boundary records
  • No-dues certificates including PACS
  • GSDA certificate for a new well in a grey watershed
  • Legal search above ₹1.60 lakh where land is mortgaged
  • Quotations, estimates and permissions
  • Guarantee Form F-138 and guarantor records

Related official documents

Marginal Cost of Funds Based Lending Rates with effect from 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗
Minor Irrigationofficial-product-page · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Commercial, MSME and Agriculture Creditofficial-pdf · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Facility · Published detailTerm Loan

This value is copied from Minor Irrigation - complete published scheme table. Check the table notes before relying on it.

Source: Minor Irrigation · Complete table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 10 rows · 2 columnsMinor Irrigation - complete published scheme tableView tableHide table

Scroll sideways to view every column

Minor Irrigation - complete published scheme table
ParticularPublished detail
FacilityTerm Loan
PurposeWell/repair/deepening; tube well; electric/diesel pump; drip; sprinkler; channels/pipelines; pond/tank; composite
EligibilityIndividual/joint landholders
Amount unit costs/estimates for wells/pipelines/pumps; quotations for equipment
MarginNil to ₹2 lakh; 15%-25% above
RateUp to ₹10 lakh: 1Y +BSS 0.50%+2%; above: +3%
SecurityUp to ₹2 lakh assets/crops; above plus guarantee or land mortgage
Repayment7-11 years
ConditionsWhite watershed; GSDA certificate for grey; not dark; financed assets insured
DocumentsForm 138/B2; land/boundary records; no-dues/PACS; legal search; project evidence/permissions; guarantee/guarantor records
Minor Irrigation · Complete table · accessed 31 Aug 2026Open official source ↗
Table 2 · 5 rows · 3 columnsBank of Maharashtra MCLR effective 25 July 2026View tableHide table

Scroll sideways to view every column

Bank of Maharashtra MCLR effective 25 July 2026
TenorResidual maturity p.a.
Overnight1 day7.30%
One month>1 day to 1 month8.30%
Three months>1 to 3 months8.55%
Six months>3 to 6 months8.90%
One year>6 months9.00%
effective 25.07.2026 · Page 1 · accessed 31 Aug 2026Open official source ↗

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