Purpose |
- Farm mechanization refers to the development and use of machines in agricultural processes.
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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.
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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.
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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. |