Financing growth & transforming rural India.


Bank of Baroda, for rural India, with rural India.

Financing Tractors and Heavy Agriculture Machinery

Particulars Guidelines under the scheme
Purpose Financing Tractors and Heavy Agriculture Machinery helps:
  • Purchase of new tractor
  • Tractor drawn implements
  • Power tiller and other agriculture machines, etc.
Eligibility
  • Progressive, literate and illiterate farmers engaged in the cultivation of crops as the owner of land, permanent tenants or leaseholders (for a reasonably long period) and who utilize the tractor/machinery economically to the minimum extent of 50% on their own landholding.
  • Should have perennially irrigated land of minimum 4 acres (tractors to the farmer with landholding below 6 acres of irrigated land is considered for tractors with horsepower up to 35 hp).
  • Should cultivate high value commercial crops such as sugarcane, grapes, bananas and vegetables.
Quantum of Loan Cost of vehicle including implements minus margin.
Nature of Facility Term Loan
Rate of Interest

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Margin Minimum 25% of cost of the vehicle & implements.
Repayment Period Tractors- 9 years power tillers - 7 years (depends upon the repaying capacity on half-yearly and annual basis based on surplus generation from crop and landholding of farmers).
Security
  • Hypothecation of tractor and implements
  • Charge/mortgage of land or third party guarantee

Related products

  • New Scheme for Tractor

  • Advances to Food Agro Based Units Under Agriculture

  • Agriclinics Agribusiness Centres by Agriculture Graduates

  • Scheme for Financing Farm Development Activities

  • Baroda Animal Husbandry and Fisheries Kisan Credit Card (BAHFKCC) Scheme

  • Baroda Kisan Credit Card (BKCC)

  • Baroda Kisan Tatkal Loan Scheme

  • Baroda Sanitation Scheme

  • Construction Of Storage Structure Projects

  • Cultivation of Crops (Excluding Plantation and Horticultural Crops)

  • Financing Against Warehouse Receipt

  • Financing Agencies Providing Custom Services To Farmers

  • Financing Construction of Farm Buildings Structures

  • Financing Development of Dairy, Poultry, Fishery, etc.

  • Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)

  • Financing Four Wheeler Loans to Farmer

  • Financing Irrigation

  • Financing of Joint Liability Groups

  • Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc)

  • Financing Under Self Help Groups (SHGs)

  • Installation of Gobar Gas/Biogas Plants

  • Installation of Solar Home Lighting Systems

  • Lending to Agriculture Other Priority Sectors demand loan for financing against

  • Loan for Installation of Solar Photovoltaic Pump Sets

  • Overdraft Scheme for Working Capital Assistance to the Food Agro Processing Unit

  • Scheme for Financing Mini Dairy Units

  • Scheme for Financing NBFC-MFIs

  • Scheme for Financing Pradhan Mantri Matsya Sampada Yojana (PMMSY)

  • Scheme for Financing under Agriculture Infrastructure Fund

  • Scheme for Purchase of Agriculture Land

  • Shahari Bagwant Yojna

  • Silos/Godowns for Storage of Agriculture Produce

  • Two Wheelers (Motorcycle/Scooter) Loan to Farmer

  • Warehouse/Storage Receipts to Food and Agro Unit Enjoying Credit Facility with our Bank

  • Planters Card Scheme

  • Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)

  • Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme)

  • Purchase of Estates/Orchards Growing Traditional Plantation Crops

  • Scheme for Development of Horticulture

  • Scheme for Financing Compressed Biogas (CBG)

  • Scheme for Financing Facility under PM Formalization of Micro Food Processing

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