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Home / Agri Business / 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
     


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