| 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. |
| Salient Features | अधिसूचनाएँ |
| Other Requirements/Details | BPLR + TP less 1.75% |
| * BPLR and BASE RATE - Available in Home Page | |
