Farm Mechanization

Term credit for farmers to purchase tractors, tillers, harvesters and other farm machinery, helping modernize cultivation and reduce dependence on manual/hired labour.

Features

• Finance for tractors, power tillers, harvesters, threshers and other agricultural implements.
• Repayment aligned to the borrower’s cropping and harvest cycle.
• Available to individual farmers as well as groups of farmers purchasing shared equipment.

Eligibility

• Farmers owning or cultivating agricultural land in the Bank’s service area.
• Demonstrated need/use-case for the machinery being financed.

Documents Required

• Photograph and photo identity / age proof.
• Signature verification and residence address proof.
• KYC documents (PAN, Aadhaar, etc.) for borrower and guarantor.
• Nominal member application with applicable fee.