| Loans for maintenance of Tractors under tie-up with Sugar Mills |
| Purpose / Objective | To meet the cost of repairing and maintenance of tractors and farmers registered with sugar mill. |
| Eligibility | Tractor should be less than 15 years. |
| Amount of Loan | i) A maximum of Rs,50000/- for repairs of tractors.
ii) For replacement of engine - as per cost of engine of standard make of the tractor. |
| Margin | 15% of total project cost.
|
| Interest Rates |
| Amount Slab(Rs. in Lakhs) |
Interest Rate |
| <0.50 |
BR+0.75+1-12.25% |
|
| Repayment | To be repaid within 12 months. |
| Security | Third party guarantee. |
| * BPLR and BASE RATE - Available in Home Page | |
