SBI Agriculture Loan For Financing Power Tillers
- Primary: Hypothecation of assets.
- Collateral (upto Rs 50000): Nil.
- For loans above Rs. 50,000 and upto Rs. 2.00 lacs: mortgage of land, Value shall be at least 50% of the loan amount. Or One third party guarantee, Or liquid at least 50% of the loan amount. Above Rs 2 lacs: EM of land at least 50% of the loan amount.
Besides, which is the best power tiller?
Top 5 Best Power Tiller in India
- Honda FJ500. Honda power tiller widely used for various activities of crop cultivation. …
- Vst Shakti 135 DI Ultra Power Tiller. VST Shakti Power tiller is one of the most advanced machines that provide fantastic performance in the fields. …
- Greaves Cotton GS 15 DI. …
- Mega T 15 Deluxe. …
- Kubota PEM 140 DI.
Regarding this, how do I get a harvester loan?
Apply for a Combine Harvester Loan Online in India | SBI – Agri & Rural
- 6.70%* p.a. w.e.f. 01.05.2021. …
- 7.50% p.a. *T&C Apply. …
- Start From. 9.60% p.a. …
- 2.70% p.a. Upto 1 lakh(w.e.f. 31.05.2020) …
- 2.70% p.a. Upto 1 lakh (w.e.f. 31.05.2020) …
- 9.30% p.a. *T&C Apply. …
- 7.50% p.a. (On Applying through YONO) …
- 5.30%
How much is the harvester subsidy?
Subsidy for Purchasing Combine Harvester
Under this Sub-Mission by the Department of Agriculture, Cooperation & Farmers Welfare, subsidy @ 40% of the project cost limited to a maximum of Rs.
How much does a power tiller cost?
Questions & Answers on Power Tiller
| Power | Min Price | Max Price |
|---|---|---|
| 12 HP | Rs 174000/Piece | Rs 198000/Piece |
| 14 HP | Rs 60000/Piece | Rs 195000/Piece |
| 6 HP | Rs 18300/Piece | Rs 105000/Piece |
| 8 HP | Rs 69000/Piece | Rs 165000/Piece |
What is the use of power tiller?
Power Tiller helps in preparing the soil, sowing seeds, planting seeds, adding & spraying the fertilizers, herbicides & water. In addition to it also helps in pumping water, harvesting, threshing & transporting crops. A power Tiller is ideal where the land side is small.
What credit score is needed to buy a tractor?
680
What type of loan is a tractor?
Tractor financing is a way to purchase or borrow a tractor when you don’t have the money to buy it upfront. The two most common tractor financing options are equipment loans and equipment leasing. An equipment loan provides a lump sum of money that you can use to cover the cost of a new or used tractor.
What are the documents required for tractor loan?
Documents Required
Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card/Driving License etc. Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc. Proof of agricultural land/ cultivation. 6 Post Date Cheques (PDCs) / ECS.
What is the price of combine?
Questions & Answers on Combine Harvester
| Combines Model | Min Price (in Lakh) | Max Price (in Lakh) |
|---|---|---|
| 987 Delux with AC Combine | 22 Lakh | 26 Lakh |
| Punjab 930 | 16.75 Lakh | 17.50 Lakh |
| Sonalika Nova | 17.25 Lakh | 18.75 Lakh |
| Standered | 16.5 Lakh | 17.25 Lakh |
What is combine harvester loan?
Combine Harvester is a farming device which can reduce the crop loss compared to traditional methods and can tackle the peak time labour shortage. This device combines the activities of harvesting, threshing, winnowing and collection of grains.
How can I get subsidy tractor in Telangana?
Yantra Lakshmi Scheme Telangana: Eligibility / Who can apply?
- Farmers who are residents of the state Telangana only can apply for the scheme.
- Progressive individual farmers and co-operative societies can apply for the scheme.
- Farmers who posses 6 acres i.e. 2.51 hectors or more land can apply for the scheme.