Tractor Loan Scheme

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



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.



          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.


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