Featured Product

 

Loan Schemes.

 

Tractor Loans

1

Rate of Interest

For society 11 % P.A.

For members 13 % P.A.

2

Period

9 years

In yearly  9 installments

In Half yearly  18 installments

3

Eligibility

Minimum Land area         5 acres of wet land + 5 acres of dry land

              OR

15 acres of dry land

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Total land area 4 hectors (wet/ irrigated

land 2 hectors) or dry/ un irrigated land 6 hectors

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 25 % bank loan 75 % 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.

No minimum and maximum limit