The product aims to give credit for purchase of Farm machinery/Irrigation equipments for agricultural operations. The scheme covers activities ranging from purchase of tractors and accessories, power tillers, combine harvesters, power sprayers, dusters, threshers etc.

Who is the eligible for the Loan?
For pump set/ Irrigation equipments Farmer should own a minimum of 2 acres of irrigable land. For Farm machinery, following is the Minimum irrigated land

• For power tillers – 2 acres
  
• For tractors with power upto 35 HP – 4 acres
  
• For tractors with power above 35 HP – 6 acres
  
• For combine harvesters – 8 acres

Loan Amount
Minimum: Rs.30, 000 /- and maximum: Rs. 30 lakh

Repayment schedule:

• Sinking of new wells
  
• Deepening / renovation of existing well
  
• Bore well / tube well
  

All categories of farmers including small, marginal and other farmers are eligible for finance. Unit cost recommended by NABARD will form the basis, for deciding loan amount

Bank provides financial assistance for exploitation of ground water (sinking of well), water lifting devices and distribution arrangement also. The target group is all types of farmers (small / marginal / other farmer) either individually or alongwith co-owner of the land.

A group of farmers, lift irrigation societies, SHG, companies etc., can avail loan from bank under this product. Minimum 5 persons can form a lift irrigation society and approach bank for financial assistance.

Govt. is encouraging consolidation of land. As part of this, term loan is available to the tune of Rs. 50000/- to Rs. 10 lakhs to individual Small Farmers/Marginal Farmers/Share cropper/ Tenant farmers for purchase of land. Loans given to individual farmer to make the small and marginal holding economically viable and to bring fallow and waste land under cultivation and to step up agricultural production and productivity. Loan will be in the form long term in nature with maximum period of 9 years including 2 years moratorium.

Land Development aims to convert fallow/ barren or uncultivable land into cultivable. This includes land leveling, land reclamation etc. Individual farmer with good repayment record is the eligibility criteria. Loan quantum will be considered on the basis of engineers estimate engineers certificate as per government-scheduled rate.

The bank extends financial assistance to individual farmer or group of farmer for the Activities relating to the establishment/ maintenance of the Nurseries of ornamental plants and trees, orchards and quick growing trees and shrubs. Indicative list of activities are Grafting, Layering, Budding, construction of fence, Purchase of planting materials, Preparation of land, seeds and seedlings, fertilizers, pesticides etc.

Who is the eligible for the Loan?
Individuals and group of farmers

Extent of Exposure
Min. Rs. 20,000.
Max. Rs. 50 lacs.

Tenor
Fixed based on the gestation period of different crops.

IDBI Bank grants term loan to farmer Small, Marginal and Other Farmers /Agricultural and landless labourers for purchases of Bullock pair with Bullock cart. Bullock pair with cart is beneficial for various farm operations, transportation and marketing of farm produce etc. Loan amount is sanctioned on the basis of NABARD Unit cost. Repayment period is 4 to 5 year including 3 months gestation period. Repayment will be half yearly / yearly installments. Rate of interest is below BPLR for loan upto 2 lacs.

IDBI Bank grants term loan upto Rs. 50000/- for purchase of two-wheeler to the farmers with an objective to supervise agricultural operation in time to increase mobility of farmer and timely access to the market.

In view of the growing energy crisis, there is need for developing new as well as renewable sources of energy. National Programme for Bio-gas Development was implemented for this purpose by government. Expenses on construction of biogas chambers of steel gasholder and even construction of latrine, if attached are recommended for financing. Many agencies, such as Z.P. / State Govt./ Central Govt. are providing subsidy, which is treated as margin for the loan.