Garuda Aerospace has partnered with the Union Bank of India. 150 Garuda Agri Kisan drones have received a loan under the Kisan Pushpak Scheme.
The drone loan will help farmers to digitize land record operations for crop production and spraying of fertilizers, and pesticides with the help of drones.
The scheme will finance 150 drone applications benefitting farmers and create 150 skilled pilots.
The partnership with Union Bank of India, will help Garuda Aerospace provide farmer-centric products in the field of agriculture.
Garuda Aerospace is training 1 lakh youth free of cost and is targeting to sell 5,000 drones before March 31st.
The AIF Loans are collateral-free and can secure up to Rs.10 lakhs with 3 months of EMI relaxation and a 5% interest rate for the youth and farmers. A person can earn around Rs.75,000 to Rs.1 lakh per month by using the drone loan.
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