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IND Krishi Vaahan

IND Krishi Vaahan

Digital Journey Link

Target Group:

  • All individuals and farmers.

Objective:

  • To provide financial assistance for purchase of Tractors- Under Custom hiring – Agri Support Services.

Eligibility:

  • A minimum of 1000 hours of productive work in agriculture per year on custom hiring.
  • Individuals (1st applicant) having minimum Net Worth of Rs. 5.00 lacs.
  • The tractor/ farm machinery should be in the name of the 1st applicant.
  • CIBIL score should be >= 730 only.

Type of Facility:

  • Term Loan

Quantum of Finance:

  • Maximum of Rs. 10.00 lakh/unit.

Margin Norms:

·         20%-30% based on CIBIL & land holdings

Repayment Period:

  • Repayment for Custom Hiring activity is fixed based on the cash flow and DSCR on a Monthly basis.
  • Term Loans – Maximum repayment period allowed is 5 years.

Processing Charges:

  • 2500/ Unit (Fixed)

Rate of Interest:

  • 12.00% (fixed)

Security Norms:

  • Primary: Hypothecation of machineries/charge on assets created out of Bank finance.
  • Collateral: CGFMU coverage (mandatory)

Guarantee:   NA

Subsidy / Grant: NA

( Last modified on Apr 13, 2026 at 11:04:55 AM )

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