The Agricultural Development Bank provides loans for the purchase of agricultural and irrigation machinery for both personal and commercial purposes.
Types of Agricultural Machinery:
Thresher, tractor, power tiller, combined harvester, planter, irrigation equipment, pump set, boring, shallow tube well, and other modern agricultural machinery.
Maximum Loan Limit:
Up to 70% of the value mentioned in the genuine Proforma Invoice or quotation of the agricultural machinery (including brand and model number) issued by an authorized dealer/supplier can be provided as a loan. For individual borrowers, a maximum loan of up to NPR 2 million (20 lakhs) can be granted under this category.
Loan Tenure:
Up to a maximum of 5 years.
Interest rates and service fees shall apply as fixed by the bank periodically.
