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| AB Kisan Chakra |
 Eligibility: |
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- Existing borrowers who are owner cultivators having minimum 2 acres of double cropped area / 5 acres of single cropped area.
- All farmers below the age limit of 55 years.
- Women farmers are also eligible for finance.
- Loans considered in the name of son / daughter, if the farmer has become ineligible due to age factor.
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| Purpose: |
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Purchase of Two Wheelers & Four Wheelers |
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| Amount of Finance: |
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Two Wheeler : 75% for other farmers and 85% for small & marginal farmers on the cost of new vehicle including life tax and insurance subject to a maximum of Rs. 75,000/-.
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Four Wheeler : 75% cost of the new vehicle including life tax and insurance subject to a maximum amount of Rs.5,00,000/-.
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| Margin: |
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Other farmers: 25%; Small and Marginal Farmers: 15%.
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 Repayment: |
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Repayable in 5 years in monthly/bi-monthly/quarterly/half-yearly/yearly as per the option exercised by the borrower.
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| Others: |
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- Vehicle purchased to be hypothecated to the bank with endorsement in the 'C' book.
- Insurance with Bank's clause.
- Suitable guarantee of third party.
- Collateral Security value of minimum 75% of the loan amount shall be offered in the form of Mortgage for aggregate limits exceeding Rs.5,00,000/- for existing borrowers and Rs. 1,00,000/- for new borrowers.
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