Tractor Loan

*Minimum land requirement is six acres irrigated land.

*Average use for cultivation purpose should be 1000/600 hours per year.

*50% of income generated through this agro mechanisation should be adequate enough to meet Bank's instalment and interest.

*Margin money - not less than 25% of the project cost.

*Repayment period- 9 years.

*Tractor of ISI mark only be provided.

*Registration of Tractor to be made in the joint name of Banker and the Borrower with hypothecation clause in favour of the Bank.

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