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Cent Farm Machinery Scheme


* To finance purchase of Tractors, Trailers and other agricultural implements and accessories.


* Individuals, Partnership firms, companies, FSS, PACs engaged in agriculture and / or allied activities

For Tractors-

Up to 35 HP New Tractor- 2.5 acre of perennially irrigated land or 5.00 acre of non-irrigated land

Above 35 HP New Tractor- 4.00 acre of perennially irrigated land or 8.00 acres of non-irrigated land.

Nature of facility

* Term Loan.


* Upto 1.60 lakh-NIL

* Above 1.60Lakh- 20%


* Primary

* Collateral

-Hypothecation of Tractor & implements.
- Hypothecation of crops.
- Up to Rs1.60 lakh – NIL

-Above Rs1.60 lakh –Mortgage/Charge on land (Total value of collateral security should be at least 100% of the loan amount except for combine harvester for which colateral should be 150% of the loan amount).


Assets created out of loan have to be insured for full value.  

Rate of Interest

Above Rs3.00 lakh to Rs10.00 lacs
Above Rs10.00 lakhs uptos.100.00lacs
Above Rs100.00 Lakhs

MCLR + 1.35%
MCLR + 2.50%
MCLR + 3.00%
As per rating of borrower

Upfront Fee

*Upto Rs 3 Lakh/- : NIL

*Above Rs 3 Lakh/-: 50% of 1.25% (i.e. 0.625%)


* Within 5 to 9 years(including moratorium period of Max 12 months)