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Purpose / ObjectiveTo 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 LoanAs per quotations from authorized dealers with Maximum loan of Rs 50000/-
Margin5% (new vehicle) 25% (Old vehicle) old vehicle not more than 3 years.
RepaymentTo be repaid within 5-7 years half yearly or Annual installments.
SecurityHypothecation Of vehicles purchased.
Salient Featuresअधिसूचनाएँ
Other Requirements/DetailsBPLR + TP less 1.75%
* BPLR and BASE RATE - Available in Home Page 

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