Purchase of Vehicle (New and Second Hand)-- two wheelers and four wheelers for supervision, transportation of agricultural inputs, produce and management of agricultural activities
Eligibility
Progressive Farmers/agriculturists
Applicant should possess valid driving licence For two and three wheelers
Applicant can also engage drivers possessing valid permit for four wheelers
Amount of Loan
75% of the cost of vehicle + Fittings + Insurance+ Registeration Fee
Margin can be reduced to 10% in case of MOU with reputed companies
Repayment of Loan
3 to 5 years
Repayable in Monthly /Quarterly /Half yearly / Yearly instalments
Other conditions
(applicable for II hand vehicles)
Used vehicles to be purchased should not be more than 3 years old from the date of registeration and should be free from hypothecation clause/encumberance
Quantum of Loan will not be more than 50% of valuation of vehicle
