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Loan Schemes.

 

Farm Mechanisation

1

Scheme Details

Loan for the purpose of purchase Low HP (12 to 27 HP) Tractors and Power Tiller equipments.

2

Rate of Interest

For society 11 % P.A.

For members 13 % P.A.

3

Period

7 years In Half yearly installments

4

Eligibility

Minimum Land area : 3 hec. of  land (of which Minimum 1 hector should be wet land (irrigated)+ 2 hectares of dry land(un irrigated))

           OR

5 hectares of dry land / un irrigated

Own contribution/ margin 25% of the Invoice Price

75 % bank net loan

5

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.