• For purchase of Brand New Two Wheelers / Four wheelers like jeep, van,tempo for supervision/management of farms/agricultural operations and transportation of agricultural produce, inputs, labour, etc
• In the case of pre-owned vehicles, the age of the vehicles should not be more than 2 years.
• Pre-owned Two Wheelers are not eligible under the scheme

For Two Wheeler Loan :

• Farmers having own cultivation of minimum 50 cents (self or in spouse name)
• Farmers doing farming in leased land of 1 acre or more
• Farmers undertaking allied activities which require a vehicle for mobility

For Four Wheeler Loan :

• Minimum land holding should be one acre
• Farmers cultivating on land or engaged in allied activities like dairy, poultry, fish farming and other agricul-tural activities where there is a need for a four wheeler for their agricultural operations

Limit

• Two Wheeler : Maximum Rs.1 lakh
• Other Vehicles: Rs.20 lakh

Margin

• New Vehicles – 10%
• Pre-owned Vehicles – 30%
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• Upto 5 lakhs - Hypothecation of Vehicle & Guarantee of credit worthy person having adequate netwoth and attachable income
• Above 5 lakhs - Hypothecation of Vehicle & Equitable mortgage of landed property valued 150% of loan amount

Brand New Vehicle

• Two Wheeler : Within 5 years in monthly/quarterly installments
• Four Wheeler : Within 7 years in monthly/quarterly/half yearly installments

Pre-owned Vehicle

• Within 5 years, subject to the economic life of vehicle as per road worthiness certificate in monthly/quarterly installments.

• Please visit Loan Interest Rates page for details