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Krishik Sarathi Scheme

Krishik Sarathi Scheme

Purpose:

  • Purchase of farm machineries/ Two wheeler/ Jeep/ Van and innovative equipments used by the agriculturists for transporting agriculture produce and farm operations.

Eligibility*:

  • Individual, Firm, Company, HUF or Trust engaged in Agri Activities.

Limit:

  • 90% of the cost including Tax & Registration, but excluding Insurance (Maximum Limit  100 lakh).

Period:

  • Up to nine years.

Security:

  • Up to ₹1 lakh:
    • Hypothecation of Farm Machinery/Vehicle/ Assets purchased.
  • Above ₹ 1 lakh up to ₹ 15 lakhs:
    • Hypothecation of Farm Machinery/Vehicle/ Assets purchased.
    • Collateral security of properties covering at least 50% of loan limit.
      OR
      Guarantee of third party acceptable to the Bank.
  • Above ₹15 lakhs:
    • Hypothecation of Farm Machinery/Vehicle/ Assets purchased.
    • Collateral security of properties covering at least 50% of loan limit and guarantee of third party acceptable to the Bank.

Repayment:

  • Yearly Installments coinciding with harvesting/marketing of crop.

The above information is subject to terms and conditions.For more details, please contact the nearest Branch.

*Conditions Apply Download Brochure