SBI Agriculture Loan For Financing Of Second Hand / Used Tractors

SBI Agriculture Loan for Tractor Upgradation (Sanjeevani) provides Finance For Repairs, Maintenance And Addition Of New Implements Etc. (to Tractors) to assist the farmers, who are regular in their repayments for repairs / maintenance of tractor and for purchase of additional implements.

SBI Agriculture Loan For Financing Power Tractor (Scoring Model For Tractor Loans) to provide finance for purchasing of new tractors, accessories and implements as Agricultural Term Loan that can be availed by Agriculturists (individually or jointly). There must be minimum of land holding 4 acres of perennially irrigated land. Applicants should score of 56 under the scoring model of the bank. Proposals with credit score of 26 & above but upto 55 will be considered after credit enhancement.

SBI provides different type of loan to farmers who has good track record with SBI for their last two years. A general-purpose loan for productive and consumption purposes of farmers, Self help group credit card and general purpose credit card 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. Combine harvesters are becoming popular among farmers 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.