Farm Machinery Loan Scheme

S.NO Product Name Purpose/ Type

Max

Tenure

Conventional Financing Products

01. Farm Machinery Loan Scheme

Demand Finance Facility for purchase of entire range of Farm Machinery required for farm mechanization such as Tractor trolley/Implements/ attachments, cane crushers, threshers, shellers, harvesters, ploughs, blades etc.  purchase of farm machinery and  tractor implements/attachments etc.Loan period is up to 5 years with Monthly/ Quarterly installments. Down payment is at least 10% of the limit amount. Each financed item will be comprehensively insured from A rated insurance company.

Markup rate is linked with  3 Months KIBOR + 500 BPs

Eligibility Criteria: Same as for Sada Bahar zarai Loan Scheme.

05 years

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