Finance For Tractor & Power Tiller

SBH works hard to ensure that farmers get their due profit. We have schemes that strengthen the marketing infrastructure of agricultural produces and various irrigation and rearing schemes.
Finance For Tractor & Power Tiller

Eligibility

The applicant should have:

  1. Minimum land holdings for financing tractors up to 35 HP -4 acres of perennial irrigated land
  2. For tractors above 35 HP _ 6 acres of perennially irrigated land.
  3. And corresponding acreage prescribed for different categories of land under State Land Ceiling Act (SLCA)
  4. Minimum 600 hours work per annum for the machine.

Features

Features
Unit Cost : According to the invoice or quotation of approved make
Margin : 15% for borrowers availing loan for the first tractor or power tiller
30% for borrowers availing loan for the second tractor or power tiller
Repayment : 9 years for tractors repaid half yearly
7 years for power tillers repaid rests
Security : Primary: Hypothecation of tractor, tiller with implements Collateral: Mortgage of farmlands or 3rd party guarantee
Insurance : 3rd party insurance for the full value of the machinery
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