Sunday 4 January 2009

Financing of Combine Harvesters

Who are eligible for Term Loans :
  • Farmers owning minimum 8 acres of perennially irrigated land.
  • Non-farmer entrepreneurs capable of utilizing combine harvester for custom hiring work.
  • Those who can put the combine harvester with a minimum productive workload of 1000 hrs.
Loan Amount :

Upto 75 % Cost of combine harvester and accessories is available as loan.

Security
  • Hypothecation of assets financed
  • Mortgage of lands or Third party guarantee

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