Ø      Eligibility :

à  To enable farmers in purchasing Motor Cycle for transportation of small quantities of agricultural inputs.

à  Age: 18-55 years.

à  Possesses driving license.

à  Should own landed properties

·   1 acre irrigated/2 acre dry land (For upto Rs.25,000)
·  2 acre irrigated/4 acre dry land (Rs.25,000/- to Rs.50,000/-)

Ø      Purpose :

à  To enable farmers in purchasing Motor Cycle for transportation of small quantities of agricultural inputs.

Ø      Amount of loan :

à  As per Quotations from authorised dealers.

Ø      Rate of Interest :            

@ BPLR + TP – 2.50 % i.e., 10.50%  

Ø      Margin :

à  5% (New Vehicle)

à  25% (Old Vehicle) Old vehicle not more than 3 years.

Ø      Security :

à  Hypothecation of Vehicle purchased.

Ø      Repayment :

à  To be repaid within 5-7 years

à  Half-yearly or Annual Installments.