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Loan Schemes.

 

Tractor Loans

1

Rate of Interest

For society 9.50 % P.A. (For Low HP 8.50%)

For members 10.50 % P.A.

(For Low HP 9.50%)

2

Period

9 years

In yearly  9 installments ( For Low HP Tractors yearly 5 Installments)

3

Eligibility

Minimum Land area 2 Hector ( For low HP tractor 1 Hector)

4

Document

Prescribed application form

7/12 extract, 8 A, declaration  with sign & stamp

No dues certificate of concern area branches,

society resolution & branch recommendation

Quotation

Own contribution 15 % bank loan 85 % purchase for Head, trailer, other accessory

Borrower should be a member of the Sugar Factory holding shares (mandatory)

Based on the invoice price given by the borrower.

Invoice Price of the Tractor is Project cost.