To finance for tractors to improve farm mechanization.

Farmers having 3 acres of perennially irrigated (owned) or 6 acres of dry land (owned)

Up to unit cost of the tractor

15% of the unit cost

9 yearly or 18 half yearly installments linked to harvesting season.

• Up to Rs.3,50,000/- , no collateral security.
• Above Rs.5, 00,000/-: Collateral security in the form of mortgage of land/charge creation under state laws

(BMPLR – Spread + Term Premia) (12.25% – 1.25 % + 0.25 %) = 11.25 %

Our Bank entered into MOU with Eicher, Mahindra and Mahindra, Bajaj Tempo Ltd and TAFE tractor companies, New Holland for financing tractors