Farm Mechanisation, Implements & Equipment:
Objective:
To improve efficiency in farm operations and assist the farmers for adapting improved/scientific agronomic practices by providing need based credit support for acquirirng farm machineries and equipments/implements.
Purpose:
- Purchase of new/second hand tractors, accessories & machinery implements
- Purchase of new power tiller, accessories and matching implements
- Power thresehers, power sprayers, power dusters and chaff cutters
- Purchase of jeeps pick-up vans mini trucks, two wheelers, bullock cart etc to be used for transporting agricultural inputs and farm produce/ products.
- Finance for major repairs/renovations of new/ second hand tractor/trailer, tractor drawn implements, power tiller, jeep, pick up van truck etc, to our borrowers financed for purchase of these machineries.
Eligibility:
Finance to individual farmers:
- The proponent should be a farmer having owned opr registered leased land.
- For a tractor loan the farmer should have a minimum 8 acres perennially irrigated land. However ZM/DZMcan have discretion to consider deserving borrowers having 5 acres(Br.Cir No. 90/160)
- For purchasing power tiller the farmer should have a minimum of 5 acres of perennial irrigated land. DZM/ZM can use discretion in deserving cases with a minimum of 3 acres of perennially irrigated land.
- Productive use of tractor and power tiller for a minimum of 1000hours and 600 hours per annum respectively to be ensured.
- For purchase of tractor with more than 25 hp, the land holding should be more at the rate of one acre perennially irrigated land for every 2.0 to 2.5 hp
- State Govt undertaking engaged in financing the farmers for purchase of farm machineries.
- State Govt corporations engaged in providing hire services to the farmers.
- Agro Service Centres run by technically qualified entrepreneurs may be financed for acquiring farm machinery.
For further details Click here
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