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PNB Financing to Custom Hiring / Service Units

Finance for custom-hiring or service units that maintain farm machinery and provide contracted work to farmers. PNB offers need-based term-loan and working-capital facilities with published margin and repayment rules.

Loan amountBoth term loan and working capital are need-based. Working capital is subject to a maximum of 50% of projected receipts and a maximum of 66% of the realisable value of mortgaged immovable property.RepaymentTerm loan: maximum seven years including a gestation period of up to one year. Working capital: sanctioned for one year, subject to annual renewal or review.Facility typesTerm loan and working capital.
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Quick eligibility check

PNB Financing to Custom Hiring / Service Units

0 of 2 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, organisations and institutions eligible to receive agriculture credit under the bank's extant guidelines?

Published source: Eligible applicants

2Do you meet this requirement: Applicants must be eligible for agriculture credit under the bank's extant guidelines?

0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 3 Oct 2026 · active
Offered byPunjab National 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.

Facility typesTerm loan and working capital.View source
PNB lists term loan and working capital as the two facility forms.
Source
Financing to Custom Hiring / Service Units
Page / section
page 1, Nature of Facility
Accessed
3 Oct 2026
Confidence
high
Open official source ↗
PurposeSet up custom-hiring or service units that keep a fleet of tractors, bulldozers, well-boring equipment, threshers, combines, harvesters or similar machinery and undertake work for farmers on contract.View source
The scheme finances service units that maintain a fleet of listed farm and construction machinery and perform contract work for farmers.
Source
Financing to Custom Hiring / Service Units
Page / section
page 1, Purpose
Accessed
3 Oct 2026
Confidence
high
Open official source ↗
Eligible applicantsIndividuals, organisations and institutions eligible to receive agriculture credit under the bank's extant guidelines.View source
The states that all individuals, organisations and institutions eligible under extant agriculture-credit guidelines are covered.
Source
Financing to Custom Hiring / Service Units
Page / section
page 1, Eligibility
Accessed
3 Oct 2026
Confidence
high
Open official source ↗
Loan amountBoth term loan and working capital are need-based. Working capital is subject to a maximum of 50% of projected receipts and a maximum of 66% of the realisable value of mortgaged immovable property.View source
The calls both facilities need-based and states the two working-capital ceilings; it publishes no fixed rupee maximum.
Source
Financing to Custom Hiring / Service Units
Page / section
page 1, Extent of Loan
Accessed
3 Oct 2026
Confidence
high
Open official source ↗
MarginTerm-loan margin: 25%. The PDF also permits specified unencumbered farm machinery to count toward the entrepreneur's contribution; its valuation wording applies 15% depreciation for seven-year-life machinery and 20% for five-year-life machinery.View source
PNB states a 25% term-loan margin and describes how eligible existing machinery may be valued toward the contribution.
Source
Financing to Custom Hiring / Service Units
Page / section
page 1, Margin
Accessed
3 Oct 2026
Confidence
high
Open official source ↗
RepaymentTerm loan: maximum seven years including a gestation period of up to one year. Working capital: sanctioned for one year, subject to annual renewal or review.View source
The scheme gives separate repayment rules for term loan and working capital.
Source
Financing to Custom Hiring / Service Units
Page / section
page 1, Repayment
Accessed
3 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Term loan and working-capital facility types are both listed
  • Term-loan repayment can extend up to seven years including the stated gestation period

Eligibility

  • Applicants must be eligible for agriculture credit under the bank's extant guidelines.

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

Related official documents

PNB Interest Rates on Advances — current agriculture and specific-scheme ratesofficial-rate-table · current · accessed 6 Oct 2026
↗
Financing to Custom Hiring / Service Unitsofficial-agriculture-scheme-pdf · current · accessed 3 Oct 2026
↗

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Loan repayment estimate

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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.

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Term loan · Amount basis and capsNeed-based

This value is copied from Custom Hiring / Service Units — facility, limits and repayment. Check the table notes before relying on it.

Source: Financing to Custom Hiring / Service Units · page 1, Nature of Facility through Repayment Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 2 rows · 4 columnsCustom Hiring / Service Units — facility, limits and repaymentView tableHide table

Scroll sideways to view every column

Custom Hiring / Service Units — facility, limits and repayment
FacilityAmount basis and capsMarginRepayment / review
Term loanNeed-based25%Maximum 7 years including gestation of up to 1 year
Working capitalNeed-based; maximum 50% of projected receipts and maximum 66% of realisable value of mortgaged immovable propertyNot stated on the reviewed pageSanctioned for 1 year; annual renewal / review
  • PNB lists fleet examples including tractors, bulldozers, well-boring equipment, threshers, combines and harvesters.
  • Existing unencumbered farm machinery may count toward the entrepreneur's term-loan margin. The valuation wording says 15% depreciation for machinery with a seven-year life and 20% for a five-year life.
Financing to Custom Hiring / Service Units · page 1, Nature of Facility through Repayment · accessed 3 Oct 2026Open official source ↗

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