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Two Wheelers (Motorcycle/Scooter) loan to farmer

Particulars Guidelines under the scheme
Purpose
  • Purchase of new Two Wheelers (Motorcycle / Scooter)

Eligibility

  • All new and existing farmers engaged in Agriculture and / or allied activities
Quantum of Loan maximum - 1.00 lac
Nature of facility term loan
Rate of Interest As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 10%
Repayment Period
  • Repayment Schedule to coincide with harvesting season. (As per Banks Norms). Maximum period – Not exceeding –5- years.
Security
  • Hypothecation of vehicle

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