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Agriculture Equipments

Machine & Equipment Loan for Agriculture is specifically designed to provide farmers, agribusinesses, and agricultural enterprises with the financial flexibility they need to acquire essential machinery and equipment. Whether you need tractors, seed sowing machines, irrigation systems like sprinklers, or post-harvest storage solutions, this loan ensures you can access the tools necessary to boost your farm's efficiency and output.

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Acceptance Criteria

Check Your Eligibility

To qualify for a Machine & Equipment Loan, you should be an established farmer, agribusiness, or agricultural enterprise with a proven financial history and the ability to repay. Whether you're a smallholder or a large agricultural firm, this loan is accessible with flexible terms.

Offer Loan Amount
Loan Amount Offer : Up to 80-90% of the cost of the machinery or equipment you wish to purchase.
Rate of Interest (%)
7% to 15% per annum (depending on the lender and the borrower's profile).
Loan Tenure
3 to 7 years
Applicant Documents Required

KYC Documents:

  • Aadhar Card (with current address)
  • PAN Card
  • Utility Bills (Electricity, Water, Gas)
  • Photograph

Agricultural Land Ownership Proof:

  • Land Title Deed or Ownership Certificate
  • Land Lease Agreement (if applicable)
  • Latest Land Revenue Receipt

Business Proof (if applicable):

  • Agricultural Business Registration Certificate (if you have a registered business)
  • GST Registration (if applicable)
  • Proof of farming income or agribusiness operation (last 2-3 years)

Financial Documents:

Income Proof:

  • Latest Income Tax Returns (ITR) for at least 2 years
  • Bank Statements for the past 6-12 months (Personal or Business Account)

Profit & Loss Statement (for existing businesses)

Balance Sheet (for existing businesses)

Collateral Documents (if applicable):

  • Documents related to the machinery or equipment being purchased (e.g., manufacturer’s certificate, serial numbers, etc.), as this will be used as collateral for the loan.
Features and Benefits
  • Preserve Capital: Secure the necessary equipment without draining your working capital, allowing you to focus on growing your business and improving operations.
  • Enhanced Productivity: Modern machinery means better efficiency, increased productivity, and the ability to meet growing demands.