||Guidelines under the scheme
||Purchase of second hand tractor
||Farmers engaged in cultivation of crops as owner of land, permanent tenants or leaseholders (for reasonably long period)
- Should have perennially irrigated land of minimum 2 acres in his own name or jointly with family members who will be joint borrowers.
- Farmers of other agriculture lending scheme viz. dairy, poultry, fisheries are also eligible to undertake the transportation of their produce as well as hollage work.
|Quantum of Loan
||Max. loan amount - Rs 2 lacs
|Nature of facility
|Rate of Interest
||20% of value assessed by the Government valuer / dealer approved surveyor of General Insurance Company.
||3 to 5 years depends upon percentage of standard performance of tractor.
- Hypothecation of tractor and implements
- Charge/mortgage of land or third party guarantee