Highlights
  1. QR Code facility is now available for Bank Customers
  2. Whatsapp Banking Service is now available for Bank Customer Queries
Farm Mechanization

Purpose
  • Farm mechanization refers to the development and use of machines in agricultural processes.
Eligibility
  • Resident farmer of the district.
  • Farmer account holders between 18 years to 65 years.
  • Member of Gram Seva Sahkari Samiti or Nominal member of bank.
  • Farmer should possess minimum 8 acre irrigated or 20 bigha Unirrigated land with clear title in his name.
  • The land should be unencumbered i.e. Not mortgaged anywhere else.
Loan Amount
  • Loan amount is to be decided on the basis of the DLC rates of the land and the amount of equipment value mentioned in the project report or 85 % of the total project cost.
Interest Rate 12.00 %
Loan Period 9 years.
Re-Payment Mode Yearly
Documents Land documents, ID proof, purpose of loan declaration and proposed income sheet, quotation of required equipments.