|Financing Agriculturists for Purchase of Tractors|
|Purpose / Objective||* For mechanizing the farming activities so as to improve agricultural production / productivity.|
* To purchase tractors / power tiller together with necessary equipments like cultivator, tiller, mould board plough, disc harrow, cage wheel, trailer, threshers, harvesters etc.
|Eligibility||Farmers having minimum of 6 acres of irrigated land or 12 acres of dry land|
|Amount of Loan||Based on the quotation / invoice submitted for the vehicles and implements.|
b) Can be reduced to 5% if value of collateral security is at least equal to loan amount.
|Interest Rates||Please refer the Lending Rates link on home page in our Bank`s Website.
|Repayment||Maximum 9 years, in half yearly / yearly installments depending upon the crop cultivated.|
|Security||* Hypothecation of tractor and other implements purchased with the Bank loan. |
* Third party guarantee mortgage of properties.
|* BPLR and BASE RATE - Available in Home Page|| |