purchase of tractors and accessories, trailers, power tillers, combine harvesters, power sprayers, dusters, threshers etc.
Who are eligible for Term Loans :Farmers owning mare than minimum acreage of perennially irrigated lands are eligible (for power tillers 2 acres, for tractors 4 acres for > 35 HP and 6 acres for above 35 HP and for combine 8 acres).
Loan Amount :Upto Rs. 50,000/- 100 % of the cost of the asset is provided as loan. Above Rs. 50,000/- upto 85 % of the cost of the asset provided as loan.
Security- Hypothecation of assets financed
- Mortgage of land
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