Indian farmer seeks INR 6 crore loan to buy helicopter

Maharashtra farmer seeks Rs 6 crore loan to buy helicopter, says 'farmers should dream big'

(Web Desk) - A 22-year-old farmer from India’s Maharashtra has filed for a bank loan of around INR 6 crore to buy a helicopter and hire it out, citing the fact that farming has become pricey.

Kailas Patange, a resident of Taktoda village, applied for a loan at a bank in Goregaon. Patange, who owns two acres of land, said that over the years, erratic rainfall and drought-like conditions have made farming costly.

"I cultivated soybean on my land over the last two years. But it didn’t fetch me good returns due to unseasonal rains. Even the money from crop insurance wasn’t enough," Patange said.

Considering these factors, Patange chanced upon the idea of buying a helicopter and renting it out to make a good living.

Patange said, "Who says only big people should have big dreams, Farmers should also dream big. I have applied for a loan of Rs 6.65 crore to purchase a helicopter. There is a lot of competition in other businesses, so I decided to go for this."