SBI Agriculture Loan - Financing For Combine Harvesters

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. Combine harvesters are becoming popular among fanners as the time required for harvesting, threshing and winnowing operations are very much reduced. It cuts the standing crop in the field, feeds the cut crop to the threshing unit, threshes the crop and cleans the grain, freeing it from the straw.

1. For self propelled Combine Harvester

Farmers enjoying high credit worthiness own 8 acres of irrigated land. Minimum DSCR – 1.75. Owning lesser acreage can also avail if DSCR is 1.75 and above and liquid at least 50% of the loan amount (sanctioned by RMs only).

Repayment: A repayment period of 9 years (including grace / gestation period).

Margin: 15 - 25 %

Security: Primary Hypothecation of the Tractor / Combine harvester along with accessories purchased out of Bank’s finance. Collateral: Mortgage of land / Buildings.

Other features: Advance only for new harvesters. Models approved by CFMTTI, Budni /FMTTI, Hissar.

2. For Combine Harvesters as an attachment /equipment

Farmers enjoying high creditworthiness own 6 acres of irrigated land. Minimum DSCR – 1.75 Farmers should own a tractor of not less than 50 HP. Owning lesser acreage can also avail if DSCR is 1.75 and above and liquid at least 50% of the loan amount (sanctioned by RMs only).

Repayment: A repayment period of 9 years (including grace / gestation period).

Margin: 15 - 25 %

Security: Primary Hypothecation of the Tractor / Combine harvester along with accessories purchased out of Bank’s finance. Collateral: Mortgage of land / Buildings.

Other features: Advance only for new harvesters. Models approved by CFMTTI, Budni /FMTTI, Hissar.