PURPOSE

: Loan is given for purchase of New trucks, other new motorised light/medium vehicles.

ELIGIBILITY

: Owners, Tenants or lessees of land and engaged in farming or allied agricultural activity for transporting agricultural inputs and farm products.

Loan for purchase of trucks shall be given to farmers whose land holding is 5 acres or more. Loans for purchase of light/medium vehicles like jeeps, pick-up vans, mini-trucks, etc., to be used for transport of agricultural inputs and farm products shall also be made to farmers whose land holding is comparatively smaller, i.e. 3 acres or more.

NATURE OF LOAN

: Term Loan.

REPAYMENT OF LOAN

: Loan with interest is repayable in maximum period of 48 months in suitable instalments .