Ø      Eligibility :

à  Tractor should be less than 15 years old.

à  The borrower should be a registered cane grower with sponsoring sugar mill.

Ø      Purpose :

à  To meet the cost of repairing and maintenance of tractors by farmers registered with sugar mill.

Ø      Amount of loan :

à  A Maximum of Rs.50000/- can be considered for repairs of tractors.

à  For replacement of engine, it should be as per the cost of engine of standard make of the tractor.

à  The enhanced limit be in conformity with the price of standard make and verified with reference to invoice.

Ø      Margin :

à  15% of total Project Cost

Ø      Rate of Interest :            

10.00% - p.a (@ BPLR – 2.50% )  

Ø      Repayment :

à  To be repaid within 12 months

Ø      Security :

à  Third Party Guarantee.