To meet the part cost of purchase of tractor, accessories, implements, insurance and registration.

Loan may be given for financing purchase of combine harvester (Wheel type/Track type) to persons/group of farmers/individuals desirous of setting up of custom service units or for custom hiring.

Combine Harvester
• Wheel type
• Track type

Types of Farmers

Farmers/other than farmers
• a) In case of Farmers: intending borrowers should be able to maintain and run combine harvester should make suitable arrangements for the same.
• b) SHG/JLG: Careful study regarding viability has to be made, when financing to these groups.
• c) In case of persons other than farmers: Intending borrowers should be technically qualified having adequate know-how, skill and managerial ability to run custom service units.

• A. Farmers :
•        Individual Farmer or a Group of Farmers (related to each other) owning 8 acres and above.
•        Farmers owning lesser acreage than those specified in the above para can also be financed provided they are capable of generating adequate income for repayment of a Combine harvester loan by resorting to intensive custom hiring.
• B. SHG/JLGss: Self-help group/JLGs seeking Combine Harvester loans can also be financed based on the Bank norms of the SHG/JLGs.
• C. Financing Combine Harvester, accessories and implements to Entrepreneurs undertaking custom hiring.
•        Any applicant willing to avail loan for purchase of Combine Harvester(Wheel type/Track type) exclusively for custom hiring can also be financed by the branches provided:
•               The applicant is not more than 50 years of age.
•               Holds a valid driving license.
•               The applicant(s) should have minimum of 2.5 acres agricultural land.
•               Three years IT Returns (latest).
•               The security offered should be urban property with construction there on with value of 110% to the loan

As applicable to Agriculture term loan time to time:

As per the quotation for the tractor and its accessories from an authorized supplier plus registration and insurance charges.

Margin -15 to 25%. Wherever subsidy is available the same will be treated as margin. And no further margin money should be stipulated unless subsidy falls short of requisite margin.

Quotation for the tractor and its accessories from an authorized supplier plus registration and insurance charges

direct link to service charges

Primary: Hypothecation of Combine Harvester and accessories purchased out of Bank finance. Collateral: Creation of Registered/ Equitable mortgage/charge on land (unencumbered), in the name of applicant(s), The value of which should be at least 100% of the loan amount.

In case of Financing Combine Harvester, accessories and implements to Entrepreneurs undertaking custom hiring. The security offered should be urban property with construction there on with value of 110% to the loan amount.