Featured Product

 

Loan Schemes.

 

Cane Harvester

1

Rate of Interest

For society 12 % P.A.

For members 12.50 % P.A.

2

Period

5  years In yearly installments

3

Eligibility

Minimum Land area 25 acres of wet land / irrigated land

Invoice Price of the Sugarcane Harvester

No minimum and maximum limit

Own contribution/ Margin: 10% of the Invoice Price from borrower.

Sugarcane factory contribution of 15% of the Invoice Price.

 75 % bank net loan

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

Borrower should also be a member of Sugarcane Factory.

Guarantee letter from the Sugarcane factory to recover from the working bill payable to the borrower and remit to Bank.