• Objective
  
  To finance for tractors to improve farm mechanization.
  
• Eligibility
  
  Farmers having 3 acres of double cropped (owned) or 6 acres of  single  cropped  land (owned)
  
• Quantum of finance
  
  Up to unit cost of the tractor. Besides Tractor, minimum 3 implements  including  Trailor should be considered as Unit Cost.
  
• Margin
  
  15% of the unit cost
  
• Repayment
  
  9 yearly or 18 half yearly installments linked to harvesting season.
  
• Collateral Security
  
  
  • Up to Rs.3,50,000/- , no collateral security.
  • Above Rs.3,50,000/-: Collateral security in the form of mortgage of land/charge creation under state laws
    
• Rate of interest  : Base Rate 8.25 + 3.50 + 0.25 = 12.00 % p.a.

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