|Purpose / Objective||To enable farmers in purchasing motor cycle for transportation of small quantities of agricultural inputs.|
|Eligibility||* Age: 18-55 years, Possesses driving license, Should own landed properties. |
* 2 acre irrigated / 4 acre dry land or 1 acre of agril land and income not less than Rs2500/PM(for loan upto Rs.25,000).
* 3 acres of irrigated / 6 acres dry land or 1 acre of agril land and income not less than Rs5000/PM ( for loan Rs.25000/- to Rs.50000).
|Amount of Loan||As per quotations from authorized dealers with Maximum loan of Rs 50000/-
|Margin||5% (new vehicle) 25% (Old vehicle) old vehicle not more than 3 years.|
|Repayment||To be repaid within 5-7 years half yearly or Annual installments.
|Security||Hypothecation Of vehicles purchased.|
|Other Requirements/Details||BPLR + TP less 1.75%|
|* BPLR and BASE RATE - Available in Home Page|| |