What you get
- Access to Loan: Covers up to 90% of the tractor cost. - Interest Rate: 11% to 12.25% (subject to change).
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of this scheme?
The scheme offers a specialized loan for farmers to purchase tractors, covering up to 90% of the tractor's cost.
Who is eligible to apply for this loan?
Farmers actively engaged in agricultural activities are eligible to apply.
What is the maximum loan amount offered?
The scheme provides a loan covering up to 90% of the tractor's cost.
What interest rate applies to this loan?
The interest rate ranges from 11% to 12.25%, subject to periodic adjustments.
Is there an age limit for applicants?
No specific age limit is mentioned for applicants under this scheme.
What documents are needed for the application process?
Applicants must submit identity proof, address proof, land ownership documents etc.
How can applicants apply for the loan?
Interested farmers can visit their nearest Primary Cooperative Agriculture and Rural Development Bank branch and speak to the Secretary or Special Officer.
Is there an application fee involved?
Applicants should check with the bank, as any applicable fees may vary by location.
Can this loan be used to purchase other farming equipment?
No, this loan is specifically intended for tractor purchases only.
Does this scheme have a validity period?
Scheme validity may depend on state policy, so applicants are advised to confirm with the bank for current information.