National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

Loans for maintenance of Tractors under tie-up with Sugar Mills

Loans for maintenance of Tractors under tie-up with Sugar Mills

Purpose / Objective

  • To meet the cost of repairing and maintenance of tractors and farmers registered with sugar mill.

Eligibility

  • Tractor should be less than 15 years.

Amount of Loan

  • A maximum of Rs,50000/- for repairs of tractors.
  • For replacement of engine – as per cost of engine of standard make of the tractor.

Margin

  • 15% of total project cost.

Interest Rates

  • Amount Slab(Rs. in Lakhs) Interest Rate
    <0.50 BR+0.75+1-12.25%

Repayment

  • To be repaid within 12 months.

Security

  • Third party guarantee.
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