Objective: To meet the genuine credit needs of farmers for purchasing draught animals and/or carts so that they can carry out their farm operations in time as also increase their income from hire charges of the animals/cart when they are not in use on their farms. 

Purpose:  For purchasing draught farm animals like bullocks, he-buffaloes, camels, horses mules etc and animal drawn carts 

Eligibility:

a) Farmers having owned/registered leased land may be provided credit for purchasing two animals as per requirement. 
b) A farmer can also be financed for one animal provided he/she is already owning an animal or in cases where the farmer is already owning an animal or in cases where the farmer cannot afford more than one animal. 
c) Farmers/landless labourers may be financed for a pair of animals and cart where there is enough scope for hiring the cart.

7. Land Development

Purpose: Land leveling, reclamation of soil, bunding and any other soil conservation measures 

Eligibility: Farmers owning land and Farmers cultivating registered leased land

Quantum of Loan: Quantum of loan will depend upon the estimated cost of the scheme. The nature of treatment and material required per unit of land should be ascertained from the concerned department of the state Govt.

Margin:  Loan upto Rs.50,000/- Nil and for loan over Rs.50,000/- 15% to 25%

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8. Loan for Renewable Energy Equipment for Agriculture

Purpose: Installation of Solar water pumping system.

Eligibility: The farmer should have adequate land with source of water

Quantum of finance: 75% of the cost of the equipment

Security: Hypothecation of equipments and mortgage of agricultural land as per extant guidelines for Agriculture Advances

Margin: 25%

Rate of interest: Linked to Base rate as per extant guidelines issued from time to time.
 
Service Charges: As per extant guidelines issued from time to time

Repayment: Minimum 5 – 7 years