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Business, & agriculture finance

Composite Minor Irrigation Loan

Finance for wells, pumps, ponds, drip/sprinkler systems, lift irrigation, rainwater harvesting and related farm automation.

Loan amount₹10,000 to ₹49 lakhInterest rate1-year MCLR + 3.60%. Using SBI's 8.70% 1-year MCLR effective 15 September 2026, the arithmetic benchmark-plus-spread is 12.30% p.a.; this is not a fixed-rate quotation.Customer typeIndividual farmers, companies, partnership firms, JLGs and SHGs of farmers
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Quick eligibility check

Composite Minor Irrigation Loan

0 of 6 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.

1Do you meet this requirement: Individual farmers, companies, partnership firms, JLGs and SHGs of farmers?

Published source: Eligibility

2Do you meet this requirement: Duly filled application form?

Published source: Required documents

3Do you meet this requirement: Eligible borrowers include individual farmers, companies, partnerships, JLGs and SHGs?

4Document checkDo you have this required document or proof: Application, land/cultivation and project documents?

Published source: Required documents

5Document checkDo you have this required document or proof: proof of agricultural land/cultivation?

Published source: Required documents

6Document checkDo you have this required document or proof: any other document required at sanction?

Published source: Required documents
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 25 Sept 2026 · active
Offered byState Bank of India

India

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 amount₹10,000 to ₹49 lakhEffective 5 Feb 2026View source
The complete current product page states a minimum of ₹10,000 and maximum of ₹49,00,000.
Source
Composite Minor Irrigation —
Page / section
Features — Quantum of Loan
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Margin15% to 25% of project costEffective 5 Feb 2026View source
publishes a 15% to 25% margin of project cost.
Source
Composite Minor Irrigation —
Page / section
Features — Margin
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Moratorium and repayment12-month moratorium, followed by up to 24 half-yearly instalmentsEffective 5 Feb 2026View source
gives a 12-month moratorium and repayment in a maximum 24 half-yearly instalments after the moratorium.
Source
Composite Minor Irrigation —
Page / section
Features — Moratorium and Repayment
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Interest rate1-year MCLR + 3.60%. Using SBI's 8.70% 1-year MCLR effective 15 September 2026, the arithmetic benchmark-plus-spread is 12.30% p.a.; this is not a fixed-rate quotation.Effective 15 Sept 2026View source
The product page publishes One-Year +3.60%. current 15 September 2026 rate sheet lists the 1-year at 8.70%. The 12.30% figure is arithmetic from those published values; the rate sheet does not name Composite Minor Irrigation, so no unrelated product-code row is mapped to it.
Source
Composite Minor Irrigation — ; Agriculture Business — Interest Rates on Loans & Advances, as on 15 September 2026
Page / section
Product page — Interest Rate; rate-sheet page 1 — 1-year reference
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
EligibilityIndividual farmers, companies, partnership firms, JLGs and SHGs of farmersEffective 5 Feb 2026View source
lists individual farmers, companies, partnership firms, and of farmers.
Source
Composite Minor Irrigation —
Page / section
Eligibility
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Upfront feeNil for an agriculture term loan up to ₹2 lakh. Above ₹2 lakh, SBI's tariff lists 1.25%, 1.50% or 2.00% of loan amount by CRA/CUE rating, excluding GST. Qualifying Micro/Small Enterprise loans up to ₹5 lakh are exempt; no separate processing fee is charged when the upfront fee is recovered.Effective 1 Jun 2025View source
The Composite Minor Irrigation page says its upfront fee follows extant guidelines. The current fee index, checked 25 September 2026, still links this 1 June 2025 AGL advances schedule. Its agriculture-term-loan nil band, other-term-loan rating bands, qualifying exemption and no-separate-processing-charge rule are transcribed from the shared fee table. The published review record has complete 11-page visual coverage; its SHA-256 is not currently present in the saved registry.
Source
Advances Related Service Charges — C&I, and AGL segments
Page / section
pages 1–2, item 2(a), unified upfront fee and exemptions; product page — Upfront fee
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Customer typeIndividual farmers, companies, partnership firms, JLGs and SHGs of farmersEffective 5 Feb 2026View source
The eligible borrower classes are transcribed from the product page.
Source
Composite Minor Irrigation —
Page / section
Eligibility
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Required documentsDuly filled application form; proof of agricultural land/cultivation; any other document required at sanction.Effective 5 Feb 2026View source
The complete current documents section lists an application form, land/cultivation proof and any other document required at sanction.
Source
Composite Minor Irrigation —
Page / section
Documents Required
Accessed
25 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹10,000–₹49 lakh term loan
  • 15%–25% margin
  • Up to 12-month moratorium and 24 half-yearly instalments

Eligibility

  • Eligible borrowers include individual farmers, companies, partnerships, and .

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

Documents the bank lists

  • Application, land/cultivation and project documents

Related official documents

Advances Related Service Charges — C&I, SME and AGL segmentsofficial-service-charge-document · current · accessed 25 Sept 2026
↗
SBI farm-mechanization product image endpoints — shared placeholder 404official-product-image-endpoint-review · not found after official-page and asset review · accessed 25 Sept 2026
↗
SBI Banks Agriculture Products — current official catalogueofficial-product-catalogue · current · accessed 25 Sept 2026
↗
Agriculture Business — Interest Rates on Loans & Advances, as on 15 September 2026official-pdf · current · accessed 25 Sept 2026
↗
Composite Minor Irrigation — current SBI product pageofficial-product-page · current page reviewed · accessed 25 Sept 2026
↗
Composite Minor Irrigation — SBI official product pageofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

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₹14,628fourteen thousand six hundred twenty-eight rupees
Interest paid over the full loan₹10,10,669ten lakh ten thousand six hundred sixty-nine rupees
Everything you repay₹35,10,669thirty-five lakh ten thousand six hundred sixty-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.

1-year + 3.60% · Current 1-year input8.70% effective 15 September 2026

This value is copied from Composite Minor Irrigation — published benchmark-linked rate. Check the table notes before relying on it.

Source: Composite Minor Irrigation — ; Agriculture Business — Interest Rates on Loans & Advances, as on 15 September 2026 · Product page — Interest Rate; rate page 1 — benchmark Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 1 row · 3 columnsComposite Minor Irrigation — published benchmark-linked rateProduct-specific spread from the SBI page; MCLR input from the current shared benchmark sheet.View tableHide table

Scroll sideways to view every column

Composite Minor Irrigation — published benchmark-linked rate
Product-page rate formulaCurrent 1-year inputArithmetic sum
1-year + 3.60%8.70% effective 15 September 202612.30% p.a.; arithmetic, not a fixed quotation
  • The page itself names the Composite Minor Irrigation formula. The September rate supplies the current benchmark but does not name this product; no 'Other AGL Finance' row was assumed to apply.
Composite Minor Irrigation — ; Agriculture Business — Interest Rates on Loans & Advances, as on 15 September 2026 · Product page — Interest Rate; rate page 1 — benchmark · effective 15 Sept 2026 · accessed 25 Sept 2026Open official source ↗
Table 2 · 6 rows · 2 columnsSBI agriculture term-loan upfront fee bandsCurrent tariff bands and exemptions, reused from the complete 11-page advances-fee review.View tableHide table

Scroll sideways to view every column

SBI agriculture term-loan upfront fee bands
Condition / ratingUpfront fee excluding
Agriculture term loan up to ₹2 lakhNil
Other term loan; CRA/CUE 1–41.25% of loan amount
Other term loan; CRA/CUE 5–101.50% of loan amount
Other term loan; CRA 11 or below/unrated or CUE 11 or below2.00% of loan amount
Bank loan up to ₹5 lakh to qualifying Micro/Small EnterpriseExempt if the borrower/unit meets the schedule classification
Term loan where upfront fee is recoveredNo separate loan processing charge
  • The current Composite Minor Irrigation page says its upfront fee follows extant guidelines, so this tariff supplies the applicable numeric bands. Tractor and Combine product pages each separately state a flat 1.50%; the tariff's generic rating-based bands create an unresolved scope conflict for those two schemes. is excluded from tariff amounts. Confirm the rating and classification used in sanction.
Advances Related Service Charges — C&I, and AGL segments · pages 1–2, item 2(a), unified upfront fee and exemptions · effective 1 Jun 2025 · accessed 25 Sept 2026Open official source ↗
Table 3 · 8 rows · 1 columnsComposite Minor Irrigation — activities SBI says it financesAll activity types listed in the current SBI product page's Minor Irrigation section.View tableHide table

Scroll sideways to view every column

Composite Minor Irrigation — activities SBI says it finances
Financed activity
Pump sets, oil engines and pipelines
Dug wells, well repairs, bore wells and tube wells
Ponds and water-storage tanks
Micro-irrigation: sprinkler and drip irrigation
Automated or computerised irrigation systems
Individual or cooperative lift-irrigation schemes
Rainwater-harvesting schemes
Generator sets for irrigation purposes
Composite Minor Irrigation — · The activities financed under Minor Irrigation; Purpose · effective 5 Feb 2026 · accessed 25 Sept 2026Open official source ↗

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