Power Tiller Loan Scheme


•    To enhance the farm mechanization in agriculture.
•    To encourage SF/MF for using power tillers in agri.
•    To meet the cost of Purchase of power tillers along with accessories.
•    Loan should be made available for purchase of new Power Tiller onlv.

Eligible Candidates

•    Farmers should have 1 acre of perennially irrigated land.
•    Farmers or a group of farmers (not > 3 farmers).
•    Farmers owning lesser acreage of land are also eligible.

Other Key points

•    Project cost can be minimum: Rs. 0.05 Lakh & maximum: Rs. 5.00 Lakh
•    Loan amount can be 80% of total cost of the power Tiller (including insurance) along with accessories
•    Repayment of loan in 5 Years within 10 Half-yearly Instalments including gestation / moratorium period of 6 months.


•     Up-to Rs. 1.60 Lakh: Nil
•    Above Rs. 1.60 Lakh: 100-150% of the loan amt OR
•    Third-Party Guarantee may be accepted.

Processing fee:

•    Upto Rs. 2.00 Lakh: Nil
•    Above Rs. 2.00 Lakh: 1.40% + GST

Documents required

•    Recent photographs of the applicant (2 copies)
•    KYC: Aadhaar Card, DL, Voter ID Card & Job Card)
•    Proof of Residence: Telephone/Electricity Bill / Voter ID
•    Card / Aadhaar / Certificate issued by Local Govt. Authority /
•    Local Panchayat / Municipality etc.
•    Proof of land holding
•    Estimation of Power Tiller & Accessories.

Note – To get benefits of this scheme farmer need to reach nearest SBI branch with above mentioned documents.

You have successfully login.

Your email and password is incorrect!


Forgot your password?

Sign Up With Email:


Lost your password?
Please enter your email address. You will receive a link to create a new password.

Your login details have been sent to your registered email address. Please check your email.
This email not exits in our system!.

Back to log-in