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 FARM MECHANISATION , IMPLEMENTS & EQUIPMENTS
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Objective :
To improve efficiency in farm operations and assist the farmers for adapting improved/scientific agronomic practices by providing need based credit support for acquirirng farm machineries and equipments/implements.
Purpose:
Purchase of new/second hand tractors, accessories & machinery implements
Purchase of new power tiller, accessories and matching implements
Power thresehers, power sprayers, power dusters and chaff cutters
Purchase of jeeps pick-up vans mini trucks, two wheelers, bullock cart etc to be used for transporting agricultural inputs and farm produce/ products.
Finance for major repairs/renovations of new/ second hand tractor/trailer, tractor drawn implements, power tiller, jeep, pick up van truck etc, to our borrowers financed for purchase of these machineries.
Eligibility:
Finance to individual farmers:
a) The proponent should be a farmer having owned opr registered leased land.
b) For a tractor loan the farmer should have a minimum 8 acres perennially irrigated land. However ZM/DZMcan have discretion to consider deserving borrowers having 5 acres(Br.Cir No. 90/160)
c) For purchasing power tiller the farmer should have a minimum of 5 acres of perennial irrigated land. DZM/ZM can use discretion in deserving cases with a minimum of 3 acres of perennially irrigated land.
d) Productive use of tractor and power tiller for a minimum of 1000hours and 600 hours per annum respectively to be ensured.
e) For purchase of tractor with more than 25 hp, the land holding should be more at the rate of one acre perennially irrigated land for every 2.0 to 2.5 hp
f) State Govt undertaking engaged in financing the farmers for purchase of farm machineries.
g) State Govt corporations engaged in providing hire services to the farmers.
h) Agro Service Centres run by technically qualified entrepreneurs may be financed for acquiring farm machinery.
TECHNICAL FEASIBILITY:
Suitability of the machinery, implements/equipments to the said topography, climate, crops etc.
Scope for custom hire
Need for and compatibility of implements/equipment with the tractor/power tiller unit etc.
Availability of fuel/electric power
Age of second-hand tractors/transport vehicles
Anticipated increase in farm production on acquisition of machinery/ implements
Financial Viability:
The viability of the scheme should be assessed keeping in view the capital cost and working expenses vis-à-vis expected incremental income from the farm and custom hiring. The assessment should clearly indicate that the net incremental income will be enough to repay the loan with interest within a reasonable period and the farmer will also get a fair return on the investment
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