Eligible Candidates

Farmer should possess a min. land holding of 2 acres.

All Farmers: Individuals / Group of Individuals

JLGs / SHGs, Institution or Organization

Mini Loan: Rs. 2.00 Lakh & Maxi: Rs. 25.00 Lakh

Processing fee 

Up-to Rs. 2.00 Lakhs: Nil

Above Rs. 2.00 Lakhs: 1.40% + GST

Collateral:

Loan Limit up-to Rs. 1.60 Lakhs: Nil

Loan Limit above Rs. 1.60 Lakhs: 100% of the loan amt. (Gold / Agri Land / NSC / FD / Gold Bond) OR

Proposals with score of 71 or above, Third Party Guarantee may be accepted.

Objective 

          Employment generation
          To meet the Cost of purchase of Tractor and accessories (Including Insurance + Registration)

Documents Required –

·       

Two latest photographs of all applicants

·        KYC: Aadhaar Card / DL / Voter ID Card & Job Card)

·        Proof of Residence: Recent Telephone/Electricity Bill

·        Voter ID Card / Aadhaar Card / Passport

·        Proof of Land Holding / Irrigation / Cropping Patterns

·        Performa Invoices / Quotations for assets to be purchased.

Note –

·        Disbursement directly to the Authorized Dealer / Supplier of Tractor

·        6 Months instalments (1st Instalment will be due after 6 months)

·        Repayment time maximum 5 Years in 10 half-yearly instalments.

·        To get benefit of this scheme reach to nearest SBI branch with above mentioned documents.