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Scheme for Financing Solar Energy Lighting System (SELS)
1. Objective
To provide renewable source of energy in rural/semi-urban areas by using solar energy.
2. Purpose
To finance farmers engaged in agriculture & allied activities for installation of Solar Energy Lighting System with necessary accessories from reputed manufacturers/ suppliers/authorized dealers.
3. Eligibility
a. Individual farmers in rural/semi-urban centres. Focused attention will on covering existing good KCC borrowers under the scheme but there will be no bar for financing fresh farmers who would be financed on merits of the case. Sanctioning Authority will ensure that farmer has assured source of income/cash flow adequate enough to repay the bank loan.
b. Further, if a farmer satisfies the income and land holding criteria and is otherwise eligible to draw the financial assistance under DRI Scheme will also be eligible for financing under Solar Energy Lighting System so that they can get the loans at the interest rate applicable to DRI Scheme.
4. Extent of Loan
Need based with a maximum limit of Rs.50,000/-.
5 . Repayment of Loan
5 to 7 years in yearly/half yearly instalment
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