A substantial part of India lives in its villages and a major portion of our population is engaged in agriculture related activities. Therefore, the rural and semi urban regions witness huge demand for finance from buyers of tractors, harvesters and other farm equipment. The tractor is the most important part of farm equipment portfolio with transplanters, rotovators, micro-irrigation systems, etc being the others. In spite of an increasing number of farmers adopting mechanized farming methods, the level of farm mechanization remains lower than 40 percent thereby offering huge scope for offering accessible finance.
An Individual owning the agriculture land and whose work involves livestock and/or agriculture activities.
An individual may not own the agriculture land and use the tractor only for hiring purpose.
Monthly/Quarterly/Half yearly/structured based on cropping pattern and another additional income source.