Purpose 

Bank is extending financial assistance for purchase of farm machinery like implements, threshers, sprayers (both mechanical and motorized) bullock and cart etc. 

Eligibility

All categories of farmers cultivating lands are eligible for the loan. 

Loan amount

For loans upto Rs 50000/ 100% of the cost 
For loan above Rs 50000/ 90% of the cost of the asset to be purchased 

Security

a. For loans upto Rs.50,000/-: Hypothecation of assets created out of Banks finance. 
b. For loans above Rs.50,000/- Hypothecation of assets created out of Banks finance.