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Applicant must be between 18 to 62 years of age
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Tenure of the loan: 3 to 5 years
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Land under cultivation should be minimum 12.5 acres
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Minimum land ownership should be 5 acres
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Maximum one tractor can be financed per farmer
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This financing facility is also available for women farmers
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Repayment in half-yearly installments (principal with markup)
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Insurance of tractor is required
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Loans can be extended against one or more security options, details below:
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Agriculture Land
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Urban Property
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Liquid Securities
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Hypothecation
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