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| AB Kisan Bandhu – Tractor Financing |
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 Objectives |
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To finance for tractors to improve farm mechanization. |
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| Eligibility |
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Farmers having 3 acres of double cropped (owned) or 6 acres of single cropped land (owned)
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| Quantum of finance |
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Up to unit cost of the tractor. Besides Tractor, minimum 3 implements including Trailor should be considered as Unit Cost.
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| Margin |
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15% of the unit cost |
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| Repayment |
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9 yearly or 18 half yearly installments linked to harvesting season. |
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| Collateral Security |
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- Up to Rs.3,50,000/- , no collateral security.
- Above Rs.3,50,000/-: Collateral security value of minimum 75 % of the loan amount in the form of mortgage of land/charge creation under state laws
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