Farm Mechanisation Scheme Bank provides credit for purchase of farm equipment and machinery for agricultural operations. This mode of finance covers activities ranging from: Purchase of tractors, trailers, cultivators, cage wheels, power tillers, combine harvesters, power sprayers, dusters, etc. Eligibility Eligibility is ascertained on the basis of minimum area requirements: Tractors - 8 acres of irrigated area Power tiller - 5 -6 acres Combine harvester - 20 acres Repayment The repayment schedule of this mode of credit may span 5 to 9 years, depending on the income generation patterns. Land records to ascertain cultivation rights. Margin For requirements upto Rs.10,000/- no margin is necessary. For requirements above Rs.10,000/- , the margin is between 15% to 25% of the requirement. Collateral Loan Amount Security to be furnished i)   where movable assets are created (a) Upto Rs.25,000/- (b) Above Rs.25,000/- (a) Hypothecation of assets (b) Mortgage of land (or) third party guarantee. i)   Where movable assets are not created (eg. Dugwells,development of land etc. (a) Upto Rs.10,000/-. (b) Above Rs.10,000/- DPN /Loan agreement. Mortgage of land. (a)Hypothecation of Asset (b)Mortage of land or third party guarantee.