LOANS TO PURCHASE TRACTOR, POWER TILLERS, THRESHER AND AGRICULTURAL IMPLEMENTS

Purpose Purchase of tractor, power tiller, crop and grains threshers, and pesticide sprinklers and other machines/implements useful to agriculture.
Eligibility Should have minimum 8 acres of irrigated land or 16 acres of dry land for availing loan for purchase of tractor and power tiller.
Margin
  • 25% margin.
Security Hypothecation of assets purchased out of loan proceeds, Co-obligation and charge over land/ mortgage of land.
Repayment Maximum 7 years