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Agriculture Finance Farm Mechanization - IDBI Bank Farm Mechanization

Agri > Term Loans > Farm Mechanization

Agriculture Finance Farm Mechanization - IDBI Bank Farm Mechanization


The product aims to give credit for purchase of Farm machinery/Irrigation equipments for agricultural operations. The scheme covers activities ranging from purchase of tractors and accessories, power tillers, combine harvesters, power sprayers, dusters, threshers etc.



Who is eligible for the Loan?

For pump set/ Irrigation equipments Farmer should own a minimum of 2 acres of irrigable land. For Farm machinery, following is the Minimum irrigated land.
  • Bullet For power tillers 2 acres
  • Bullet For tractors with power upto 35 HP 4 acres
  • Bullet For tractors with power above 35 HP 6 acres
  • Bullet For combine harvesters 8 acres



Loan Amount

Minimum: Rs. 30, 000 /- and maximum: Rs. 30 lakh



Repayment Schedule

Type of Investment Min. and Max. Repayment
period in years
(incl. Gestation period)
Loan installment period Gestation/ grace period (months)
Pump set 9 Yearly 11
Sprinkler / Drip Irrigation 10-15 Yearly 11
Tractor/power tiller /Harvester 5-9 Half yearly / yearly Nil


Click here for Loan Application Form.

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