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    Home / News / Business News / Uncovering water conservation loans in India, read more to know
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    Uncovering water conservation loans in India, read more to know
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    Uncovering water conservation loans in India, read more to know

    By Sanjana Negi
    Jan 27, 2025
    06:46 pm

    What's the story

    Water conservation is of paramount importance in India, as the nation faces increasing concern over water scarcity.

    Both the government and several banks offer loans specifically designed for water conservation projects.

    These loans are intended to assist individuals, farmers, and businesses in adopting water-saving practices and technologies.

    This blog post delves into the main types of water conservation loans available in India, their features, and how to avail them.

    Government schemes

    Government-backed schemes

    The government of India has many schemes that provide financial assistance for water conservation.

    One of the most notable is the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), which offers subsidies and loans to farmers for implementing micro-irrigation systems such as drip and sprinkler irrigation.

    They extend loans at concessionary interest rates, lower than those charged by commercial banks, making them a more appealing choice for eligible applicants.

    Microfinance

    Microfinance Institutions (MFIs)

    Microfinance Institutions are the unsung heroes in the fight for water conservation among the poor.

    They provide small loans (microcredits) to individuals or communities to set up rainwater harvesting systems or build small ponds for farming.

    While interest rates differ, they are usually set at an affordable rate to motivate as many people as possible to conserve water.

    Bank loans

    Commercial banks

    Did you know you can avail loans from commercial banks in India for water conservation projects? Yes, many banks offer such loans either under their corporate social responsibility initiatives or as part of green banking policies.

    These loans can be utilized for establishing irrigation systems, rainwater harvesting structures, and wastewater treatment plants, among others.

    The terms and conditions differ from bank to bank, though most require collateral security.

    Agricultural loans

    Specialized agricultural loans

    Agri banks offer dedicated loans to farmers for improving water efficiency on farms.

    These loans cover expenses for purchasing efficient irrigation equipment, building farm ponds, and implementing soil moisture conservation practices.

    Importantly, these loans often come with the added advantage of technical advice from experts on maximizing water use efficiency on farms.

    Loan tips

    Tips on accessing water conservation loans

    To increase your chances of getting a water conservation loan in India, first choose the right loan type that fits your project's needs and eligibility.

    Prepare all required documents beforehand to streamline the application process.

    Seeking advice from experts or officials who oversee these loan programs can provide crucial guidance, ensuring you craft a strong application that fulfills all criteria.

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