Banking & Credit:: ANDHRA BANK
5. 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 agefactor.
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.
For further details Click here
|
 |
