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Financing Purchase of Old Four Wheeler To Farmers

Particulars Guidelines under the scheme
Purpose Purchase of old/Used four Wheeler including Jeep, SUV, station wagon, Rural Transport Vehicle etc for using in their farm management activities. Used Vehicle should not be more than 3 years
Eligibility Farmers including those engaged in Allied activities having family income sufficient to repay the loan. If the main source of income of the farmer is from land based activity, minimum land holding of 4 acres perennially irrigated land or 8 acres of seasonally irrigated lands. In case the main source of income is from Allied activities, income certificate from Revenue authorities / IT returns etc to be obtained.
Quantum of Loan Maximum-10 lakh
Nature of facility Term Loan
Rate of Interest Click Here
Margin 40%
Repayment Period Not exceeding 4 years
Security Hypothecation of vehicle

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