Farm Mechanization

BOI

  • Longer repayment terms.
  • Attractive Rate of interest
  • No Collateral for loan upto Rs.1.60 lacs
  • Loan available upto 85% of cost of new machinery.

TAT

Upto Rs.160000/- Above Rs.160000/-
7 business days 14 business days

* TAT will be counted from the date of receipt of Application (complete in all respects)

FOR MORE INFORMATION
Please send SMS-‘FARMMECH’ to 7669021290
Give a missed call to 8010968370.

BOI

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

BOI

New:

  • For Purchase of new Machineries such as tractor, power tiller, combined harvester and other farm machineries/implements like mould board plough, disc plough, cultivator, disc harrow, fertilizer spreader, seed cum fertilizer drill, trailer, chaff cutter, thresher, trolley, sprayer, duster, sugarcane crusher etc. New advanced machineries like soil testers, sensors, etc.

Old/Second Hand:

  • Purchase of Second Hand Tractor, power tiller and combined harvester.

Quantum of Finance

As per cost of the vehicle / equipment

FOR MORE INFORMATION
Please send SMS-‘FARMMECH’ to 7669021290
Give a missed call to 8010968370.

BOI

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

BOI

  • Farmer or group of farmer, JLG, FPO/FPC.
  • Minimum Land holding required for availing the finance is given below:
Land Tractor Power Tiller Combined Harvester Other Farm Machinery Repair Loan
Irrigated 2.5 acres or 1 ha. 1.5 acres or 0.60 ha. 6 acres or 2.40 ha. 1 acre or 0.40 ha. Land is considered as per the requirement of respective machinery
Unirrigated Land 5 acres or 2 ha. 3 acres or 1.20 ha. 12 acres or 4.80 ha. 2 acres or 0.80 ha. Land is considered as per the requirement of respective machinery

Note: The finance will also be considered in combination of irrigated and unirrigated land (1 acre Irrigated land= 2 acre Unirrigated land to be considered

For Second Hand (Old) Machinery:

*The Period considered is from date of registration with RTO, if applicable.

*Period Tractor Power Tiller Combined Harvester
Old vehicle Upto 3 years Upto 2 years Upto 2 years

Before applying you must have

  • KYC documents(identity proof and address proof)
  • Proof of landing holding
  • Quoatation of machinery.
  • Collateral Security for loans above Rs.1.60 lacs.
FOR MORE INFORMATION
Please send SMS-‘FARMMECH’ to 7669021290
Give a missed call to 8010968370.

BOI

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

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