Solar Water Pump Subsidy Under Nabard scheme

The Scheme of Ministry and New and Renewable Energy, GoI for installation of 10,000 solar photovoltaic water pumping systems for irrigation purpose implemented through NABARD

  • The subsidy can be routed only if project is undertaken by MNRE empanelled manufacturer or MNRE empanelled entrepreneur
  • Subsidy can be claimed by farmers, Fish farms, salt farms Etc
  • 40% MNRE subsidy routed through NABARD
  • 20% customer contribution(customer have to deposit 20 %amount  in bank) 
  • 40% Bank loan will be sanctioned to consumer as per bank guidelines 
  • This subsidy is only available through collateral loan from Nationalised Banks / Private Sector Banks/ RRBs and State Co-Operative Banks
Product Subsidy Bank Loan Farmer contribution
Solar Water Pump 40% 40% 20%