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Products   Branches   RM at Retail Branches	Home > Agri Business Group > Farm Mechanization               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 the 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 For power tillers – 2 acres For tractors with power upto 35 HP – 4 acres For tractors with power above 35 HP – 6 acres 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           Home | Top	Age 1 - 17 18 - 24 25 - 34 35 - 44 45 - 60 60 +   Nearest Location KeonjharAboharAbu Road AdilabadAgartalaAgraAhmedabadAhmednagarAizawlAjmerAjnalaAklujAkolaAkotAlappuzhaAlibaugAligarhAllahabadAlmoraAlwarAmalapuramAmbalaAmbala CanttAmbatturAmbernath AmbikapurAmravatiAmreliAmritsarAmrohaAmtalaAnakapalleAnandAnantapurAnanthapurAngamalyAngulAnkleshwarApraArviAsansolAshtaAtreyapuramAtturAurangabadBaddiBadlapurBagalkotBahadurgarhBahraichBaladiaBalasoreBaliaBalliaBalugaonBalurghatBandanwaraBangaBangaloreBankuraBansarolaBanswaraBarabankiBaranBarasatBarddhamanBardoliBareillyBargachiaBargarhBaripadaBarmerBarnalaBarodaBatalaBathindaBeasBegusaraiBelgaumBellaryBerhampurBesurBhadrak BhagalpurBhandaraBharatpurBharuchBhataparaBhavnagarBhilaiBhilwaraBhimavaramBhimtalBhiwadiBhiwandiBhiwaniBhojpur BhopalBhubaneshwarBhubaneswarBhujBidadiBidarBidhan NagarBihar SharifBijapurBijnorBikanerBilaspurBilimoraBoisarBokaroBolangirBolpurBulandshahrBurdwanBurhanpur ChaibasaChandannagarChandigarhChandrapurChapraChengalpetChennaiChhindwaraChichgarhChikhliChikmagalurChitanukalanChittoorChottorgarhChuruCoimbatoreCooch BiharCuddaloreCuttackDahanuDamanDanapurDarbhangaDavangereDeesaDehradunDelhiDeogharDesaiganjDevlapurDewasDhamaraDhamtariDhanbadDharamshalaDharmapuri DharwadDhenkanalDhuleDibrugarhDimapurDindigulDISTRICT CHANDRAPURDohadDuburiDurgDurgapurEast - 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