* To finance purchase of Tractors, Trailers and other agricultural implements and accessories.
Eligibility
* Individuals, Partnership firms, companies, FSS, PACs engaged in agriculture and / or allied activities
Quantum of Loan
*Invoice price of New Farm machinery
Nature of facility
* Term Loan.
Margin
* Up to 1 Lakh-NIL
* Above 1 Lakh- 20%
Rate of Interest
As applicable to Agri Farm Credit
Repayment
* Within 5 to 9 years(including moratorium period of Max 12 months)
Security
*Primary Security :
1. Hypothecation of tractor and farm machineries and implements.
2. Hypothecation of Crops
*Collateral Security : (For new/second hand farm machinery) :-
1. Up to Rs 1.00 Lakh – NIL
2. Above Rs 1.00 Lakh – As per bank’s policy
Disclaimer
The contents of this website have been translated from English version using indigenously developed model by the Digital India BHASHINI Division generated using artificial intelligence (AI) and Machine Learning (ML) technologies. While efforts are made to ensure accuracy, these results may not always be precise, contextually appropriate, or free of error. For all legal and contextual purposes users may refer to the original English version.
As the translated content is AI generated, any suggestions for improvement of this content are solicited.
