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Short Term Agrl. Credit

Agrl. Term Credit

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Special Schemes

Home » Agriculture » Agrl. Term Credit » AgriKisanChakra

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	Agrl. Term credit
	AB Kisan Pragathi

	AB Kisan Rakshak

	AB Kisan Chakra

	Rural Godowns

	Purchase of Land

	Dairy Agents

	Kisan Bandhu

AB Kisan Chakra

Eligibility:

Existing borrowers who are owner cultivators having minimum 2 acres of double cropped area / 5 acres of single cropped area.

All farmers below the age limit of 55 years.

Women Farmers are also be considered.

Loans considered in the name of son / daughter, if the farmer has become ineligible due to age factor.

Purpose:

Purchase of Two Wheelers & Four Wheelers

Amount of Finance:

75% (In case of other farmers)/85%(in case of Small and Marginal farmers) cost of the two-wheeler vehicle, inclusive of life tax and insurance, etc. Subject to a maximum amount of Rs. 40,000/- will be considered under the scheme for purchase of two wheelers of standard make from authorized dealers.
75% (In case of other farmers)/85%(in case of Small and Marginal farmers) cost of the four-wheeler vehicle, inclusive of life tax and insurance, etc. Subject to a maximum amount of Rs.3,00,000/- will be considered under the scheme for purchase of four wheelers of standard make from authorized dealers.
Term premia of 0.25% applicable if the repayment exceeds 3 years.

Margin:

Minimum of 25%(in case of other farmers and 15% in case of Small and Marginal Faarmers) of the vehicle cost including insurance and life tax.

Rate of interest:

click here for Interest rates

Others:

Vehicle to be hypothecated to the bank.
'C' Book endorsement incorporating Bank's lien.
Insurance with Bank's clause.
Suitable guarantee of third party.
Collateral Security in the form of Mortgage for aggregate limits exceeding Rs.1,00,000/-

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News & Events

PMRY beneficiaries

New Deposit Scheme AB BONANZA with 9.40% p.a.

Due to unexpected technical difficulties we need to temporarily disable AB Speedway service wef 1st April 2012

New Scheme AB PROFESSIONAL LOAN

NEW YEAR CAR CAMPAIGN: Avail car loans at attractive interest rates

Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad

PPF and SCSS schemes

As per RBI guidelines dated 04.11.2011, with effect from 01.04.2012 the validity of Cheques/Demand Drafts / Pay orders and Bankers Cheques is three months

Do Not fall Prey to Fictitious Offers of Funds Transfer

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