Finance for Agriculture

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✅ Individual and Joint Owners of agricultural land with experience and satisfactory market report.

Purpose

✅ Purchase of pump sets, submersible pumps
✅ Construction/deepening/repair of wells, borewells, tubewells
✅ Installation of Persian wheels, sprinkler sets, drip irrigation
✅ Pump house, water tanks, field channels, pipelines

✅ Must own at least 0.5 acre of agricultural land
✅ Project should be technically feasible & financially viable

✅ Purpose: Purchase of combine harvester

✅ Eligibility:

• Farmers: Ability to run/maintain the harvester or arrange for the same.
• Others: Technically qualified with managerial ability to run custom service units.
• State Agriculture Farms/Corporations: Must have adequate resources and command area.

✅ Margin: 25%
✅ Security: Hypothecation of combine, charge registered with DTO, collateral as per HO guidelines
✅ Insurance: Comprehensive with bank clause
✅ Period of Loan: 5–7 years in half-yearly equated installments

✅ Purpose: Purchase of self-propelled combine harvester

✅ Eligibility: Same as above

✅ Extent of Loan: Need-based
✅ Repayment: 5–7 years in half-yearly installments

✅ Purpose:

• Purchase of new trucks, tempos, matadors, jeeps, pickup vans, mini-trucks, two-wheelers for transporting agricultural inputs/produce.

✅ Eligibility:

• Owners, tenants, lessees engaged in farming or allied agri-activities.
• For trucks: Land holding ≥ 3 acres
• For light/medium vehicles: Land holding ≥ 2 acres
• For two-wheelers: Land holding ≥ 1 acre

✅ Nature of Loan: Term Loan
✅ Repayment: Within 4–5 years in suitable installments

✅ Purpose:

• Purchase of new tractors, power tillers, matching implements/equipment
• Purchase of second-hand tractors with implements
• Purchase of agricultural machinery
• Repair/renovation of tractors

✅ Eligibility:

• For Tractors:
  • Individual or joint farmers with ≥ 2.5 acres of perennially irrigated land or equivalent.
  • Economic viability of the tractor proposal to be assessed.
• For Power Tillers:
  • Individual or joint farmers with ≥ 1.5 acres of perennially irrigated land or equivalent.
  • Economic viability of the proposal to be assessed.
• For other farm machinery: No minimum landholding; proper utilization scope and repayment ability required.

✅ Extent of Loan: Need-based
✅ Insurance: Tractor & implements must be insured for third-party liability under insurance laws.

Purpose

✅ Loans for:

• Agricultural production
• Allied activities
• Post-harvest processing, storage, value addition
   

✅ Farmers who are:

• Owner-cultivators
• Tenants and lessees with recorded rights
• Farmers with ancestral/perpetual cultivation rights
• Individual or joint farmers
   

Cash Credit / Term Loan / Overdraft as per farmer’s need.

Need-based, based on comprehensive farm plan.

• Term Loan: up to 10 years as per the individual scheme.
• Cash Credit: repayable on demand.

Purpose

To finance purchase, development, and cultivation of agricultural land.

✅ Individual farmers with sufficient land to meet security norms.

• Based on area, valuation, and development costs.
   

Cash Credit / Term Loan / Overdraft depending on need.

• 7–10 years in half-yearly/yearly installments.
• Moratorium: Up to 24 months.
   

• If land is in spouse’s name, spouse will be co-borrower.
• Maximum age at sanction: 65 years.
• Applicants 60–65 years: Allowed if legal heirs join as guarantors.
• Bank’s regular housing loan requirements apply.

Purpose

For investment credit and working capital (initial one crop).

✅ Individuals or large units with adequate experience in mushroom cultivation.

Need-based.

• Maximum 7 years, including gestation, as per repaying capacity.

Purpose

Investment and recurring expenses for spawn production.

✅ Individuals/large units with:

• Qualification in plant pathology, or
• Relevant background/training in spawn production.
   

Need-based.

Maximum 7 years.

Purpose

Loans against:

• Paid-up stock
• Book debts
• Credit extended to farmers for agri inputs
   

✅ Individuals, firms, companies, co-operative societies working as:

• Arthiyas
• Commission agents
• Dealers of seeds, pesticides, fertilizers
   

Must have good reputation, sound financials, experience, and satisfactory turnover.

1️⃣ Cash Credit (hypothecation)
2️⃣ Term Loan

Need-based.

• Matches crop marketing (Kharif/Rabi) cycles.
• Account to be in credit at least once per year.
• Annual renewal required.

Purpose

✅ Financing:

1. Purchase of high-yielding cows/buffaloes
2. Purchase and rearing of calves (up to first lactation)
3. Other animal husbandry activities:
   • Cattle breeding
   • Salvaging dry pregnant cattle
   • Milk processing
   • Construction of milk houses, etc.

Purpose

✅ Loans for:

• Purchase of high-yielding milch cows/buffaloes
• Construction of sheds
• Dairy machinery and equipment
• Fodder procurement
• Transportation of animals
• Composite loans covering cattle purchase, initial feed, and fodder crop cultivation
   

1️⃣ Individuals with dairying as a subsidiary activity
2️⃣ Individuals with commercial dairying as the main activity

Need-based. Minimum viable unit: 2 milk animals for continuous production.