Financing of Angad Hal from Nationalised and Rural Banks

The mission of SAS Motors is to make low cost tractors, power tillers, and other farm machineries designed on ‘appropriate technology’ platform available to the Indian landowning as well as non-land owning farmers.  

In pursuance of this mission, SAS Motors Limited, has tied-up with various bank and financial institutions for the financing of Angad Hal through following banks and financial institutions. Farmers both including landowning and non-landowning as well as rural agricultural entrepreneurs interested in pursuing a vocation of providing agricultural mechanisation solutions like land-preparation, earthing, weeding, sowing and harvesting of crops on a chargeable basis using Angad Hal and its attachments can avail the benefits of credit on easy terms and reasonable rate of interest and loan tenor. 

State Bank of India

State Bank of India (SBI), the nationalised largest Indian bank and Angad Hals are in their list f approved models of farm machinery for financing. Farmer/Agricultural Entrepreneur can approach their nearest Angad Hubs, IFFCO IeBL centre or get in touch with us in case they need any assistance or help in approaching the bank for finance of Angad Hal.

Copy of communication from SBI regarding the inclusion of Angad Hals in the list of approved models of farm machinery for financing can be download by clicking the following download button.

Punjab National Bank

Punjab National Bank (PNB), is the second largest nationalised Indian bank.

We have a special MoU with them for the financing of Angad Hals by Farmer/Agricultural Entrepreneur with up to 100% financing of Angad Hals. Farmer/Agricultural Entrepreneur can approach their nearest Angad Hubs, IFFCO IeBL centre or get in touch with us in case they need any assistance or help in approaching the bank for finance of Angad Hal.

Copy of MoU with PNB can  be download by clicking the following download button.

Rajasthan Marudhara Gramin Bank 

Rajasthan Marudhara Gramin Bank (RMGB), is a gramin bank headquartered in Jodhpur and is a joint venture of Govt. of India, Govt. of Rajasthan & State Bank of India.

We have a special MoU with them for the financing of Angad Hals by Farmer/Agricultural Entrepreneur with up to 100% financing of Angad Hals. Farmer/Agricultural Entrepreneur can approach their nearest Angad Hubs, IFFCO IeBL centre or get in touch with us in case they need any assistance or help in approaching the bank for finance of Angad Hal.

Copy of MoU with them can  be download by clicking the following download button.

Pradhan Mantri MUDRA Yojana (PMMY)

Pradhan Mantri Mudra Yojana (PMMY), MUDRA scheme has an objective to promote entrepreneurship among the new generation aspiring youth. MUDRA scheme is designed, to meet requirements of different sectors / business activities as well as business/ entrepreneur segments and Mudra loan can be extended for a variety of purposes which result in income generation and employment creation including;  Loans for agri-allied non-farm income generating activities, e.g. pisciculture. bee keeping, poultry farming, etc. and Tractors, tillers as well as two wheelers used for commercial purposes only and activities allied to agriculture. ‘Activities allied to agriculture’, e.g. pisciculture, bee keeping, poultry, livestock-rearing, grading, sorting, aggregation agro industries, diary, fishery, agri-clinics and agribusiness centres, food & agro-processing, etc.(excluding crop loans, land improvement such as canal, irrigation and wells) and services supporting these, which promote livelihood or are income generating. Read more on Mudra Scheme..