SCHEME FOR FINANCING FARM MACHINERY WHERE TANGIBLE ASSETS ARE CREATED
(OTHER THAN TRACTOR, COMBINE HARVESTER AND POWER TILLERS)
Bank is extending financial assistance for purchase of farm machinery like implements, threshers, sprayers (both mechanical and motorized) bullock and cart etc.
Who are eligible?
All categories of farmers cultivating lands are eligible for the loan.
Documents you need to provide
Land records, quotation for the assets to be purchased
How do you repay
Repayment will be half yearly/ yearly installments depending on the harvest of the crops with a maximum of 7 years
How to apply for this loan
You may contact our nearest branch or talk to the marketing officers visiting your village.