Overview

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.

• 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