Objective: The main purpose of this scheme is to purchase the new Two wheelers.
Eligibility: All existing agriculture borrowers having good track record with bankp>
Loan Limit: 75% of the Value of Vehicle
Max of 100000/- whichever in lower.
Margin: 25 % of the value of vehicle
1.Charge (hypothecation) on vehicle by the Bank
2.Letter of Guarantee from third Party.
Interest: 13.75% per annum
Repayment: 10 equal half yearly installments