Financing Tractor and Power Farm Equipment/Attachment purchase to farmers to Cultivating own Land and Custom Hiring.

Any Farmers, Agricultural Labourers, SHG and Joint Liabilities Groups (JLGs)

1. Age: 21 to 65 Years
2. For Working on own Land
3. Upto 35 HP Tractor: 04 Acre irrigated land (min) however this condition may be waived where farmer is engaged in intensive farming with multi cropping
4. Above 35 HP Tractor: 06 Acre irrigated Land (Min)
5. 2-3 Farmers of same area may Jointly fulfill eligible condition
6. Tenant Farmers may also be financed provided they produced an agreement for min 10 yrs and owner of the land is willing to be a guarantor and for change on land
7. For Custom Hiring: Min 600 hrs work per annum should be available

85% of the project cost which may include price of tractor, cost of Equipment, attachment, registration and insurance charges

Min 15% (Must held in deposit A/c of borrower prior to disbursement)

As prescribed by the Bank