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Purchase of Drones for Agricultural Purpose

Farm-machinery finance for agricultural drones used for spraying, anti-locust treatment, fertiliser application and farmland mapping, including custom-hiring finance.

Interest rateNo product-specific percentage is published; applicable Farm Machinery/MUDRA rate applies.Maximum amountCustom-hiring drone finance up to ₹10 lakh under MUDRA; no separate maximum is published for individual farm-machinery finance.TenureNo product-specific tenure is published.
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Quick eligibility check

Purchase of Drones for Agricultural Purpose

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: individuals need a recognised Remote Pilot Licence and custom-hiring applicants need an eligible MUDRA activity?

Published source: Minimum income

2Do you meet this requirement: Agricultural drones for spraying, fertilising, anti-locust treatment or mapping?

Published source: Eligibility

3Do you meet this requirement: individuals need a DGCA-recognised Remote Pilot Licence, while custom-hiring operators may use MUDRA up to ₹10 lakh with CGFMU?

Published source: Eligibility

4Do you meet this requirement: Recognised Remote Pilot Licence for individuals, drone quotation/specification, agricultural or custom-hiring plan, KYC and MUDRA/CGFMU records?

Published source: Required documents

5Do you meet this requirement: Individual applicants must hold a Remote Pilot Licence issued by a DGCA-recognised institute or authorised remote-pilot training organisation?

6Document checkDo you have this required document or proof: Remote Pilot Licence for individual applicants?

Published source: Required documents

7Document checkDo you have this required document or proof: Drone quotation and technical specifications?

Published source: Required documents

8Document checkDo you have this required document or proof: Agricultural/custom-hiring business plan?

Published source: Required documents

9Document checkDo you have this required document or proof: KYC, margin and MUDRA/CGFMU documents?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeFarm Machinery Financing; custom-hiring loans up to ₹10 lakh can use MUDRA.View source
The official page places drones under Farm Machinery Financing and for custom hiring.
Source
Purchase of Drones for Agricultural Purpose
Page / section
Purpose; Custom Hiring
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateNo product-specific percentage is published; applicable Farm Machinery/MUDRA rate applies.View source
The page publishes eligibility and amount but no rate.
Source
Agricultural drones rate review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNo benchmark is published.View source
No benchmark or spread appears.
Source
Agricultural drones benchmark review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage is published.View source
No appears.
Source
Agricultural drones review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo income threshold is published; individuals need a recognised Remote Pilot Licence and custom-hiring applicants need an eligible MUDRA activity.View source
The official page sets licence and activity tests instead of income.
Source
Agricultural drones eligibility review
Page / section
Eligibility Criteria for Individuals; Custom Hiring
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountCustom-hiring drone finance up to ₹10 lakh under MUDRA; no separate maximum is published for individual farm-machinery finance.View source
The official custom-hiring row publishes the ₹10 lakh ceiling.
Source
Agricultural drones quantum
Page / section
Custom Hiring
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureNo product-specific tenure is published.View source
The page provides no repayment period.
Source
Agricultural drones tenure review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNo product-specific processing fee is published.View source
No charge amount appears.
Source
Agricultural drones fee review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo separate charge is published.View source
No foreclosure charge is stated.
Source
Agricultural drones prepayment review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityAgricultural drones for spraying, fertilising, anti-locust treatment or mapping; individuals need a DGCA-recognised Remote Pilot Licence, while custom-hiring operators may use MUDRA up to ₹10 lakh with CGFMU.View source
The official purpose and eligibility rows define drone use, licence and custom-hiring conditions.
Source
Agricultural drones eligibility
Page / section
Purpose; Eligibility; Custom Hiring
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsRecognised Remote Pilot Licence for individuals, drone quotation/specification, agricultural or custom-hiring plan, KYC and MUDRA/CGFMU records.View source
The official page explicitly requires the licence and identifies / support.
Source
Agricultural drones documentation
Page / section
Eligibility Criteria for Individuals; Custom Hiring
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Drones financed under Farm Machinery Financing
  • Custom-hiring loans up to ₹10 lakh under
  • credit-guarantee coverage for eligible custom-hiring loans
  • Use cases include spraying, fertilising, anti-locust treatment and mapping

Eligibility

  • Individual applicants must hold a Remote Pilot Licence issued by a DGCA-recognised institute or authorised remote-pilot training organisation.
  • Drones used for non-own-farm custom hiring can be financed under up to ₹10 lakh with coverage.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Remote Pilot Licence for individual applicants
  • Drone quotation and technical specifications
  • Agricultural/custom-hiring business plan
  • , margin and / documents

Related official documents

Purchase of Drones for Agricultural Purpose — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
↗
Interest Rates for Agri Products and Interest Rate Range — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Uses · Published detailPesticide/fertiliser spraying, anti-locust treatment and farmland mapping.

This value is copied from Agricultural drones — published terms. Check the table notes before relying on it.

Source: Purchase of Drones for Agricultural Purpose · Complete product criteria Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 5 rows · 2 columnsAgricultural drones — published termsCurrent Indian Bank drone-finance eligibility and MUDRA limit.View tableHide table

Scroll sideways to view every column

Agricultural drones — published terms
ParameterPublished detail
UsesPesticide/fertiliser spraying, anti-locust treatment and farmland mapping.
Individual eligibilityDGCA-recognised Remote Pilot Licence required.
Custom hiringEligible under up to ₹10 lakh with coverage.
Rate/tenure/feeNo product-specific rate, tenure or processing fee published.
DocumentsLicence, drone quotation/specification, activity plan, and / records.
Purchase of Drones for Agricultural Purpose · Complete product criteria · accessed 31 Aug 2026Open official source ↗

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