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1. Green Tractor Finance Scheme
Eligibility:
- All Farmers who have been declared successful through computerized balloting.
- The applicant should be a resident, owner/self cultivator of minimum 05 Acres of
- agri land free from all encumbrances. Existing BOP borrowers having land under
- Bank's charge are also eligible under this scheme.
- The applicant should not be a defaulter of any Financial Institution
Price of Tractor: The price of Green Tractor would be less by RS: 200,000/- from market price of tractor.
Subsidy of RS: 200,000/- will be provided by Govt. of Punjab directly to Tractor Manufacturers.
Make of Tractor: Government of Punjab has approved M/s Millat Tractors (Pvt.) Ltd. and Al-Ghazi Tractors Limited as Local Manufacturers of tractors for the scheme.
Repayment: 10 Equal Half Yearly Installments (Principal + Mark up).
2. Kisan Dost Agri Finance Scheme
Purpose: Provision of financial facility to farmers for purchase of inputs (Seed, fertilizers, pesticides, fungicides e.t.c).
Eligibility: Resident Self Cultivator having Agriculture Land minimum 5 acres and maximum 50 acres. The applicant should not be defaulter of any other Bank and property should be free from any encumbrances.
Amount: Maximum Rs.500,000/- according to per acre limit of the crop.
Repayment: Once in a year along with mark up.
3. Kisan Dost Tractor Finance Scheme
Purpose: Provision of financial facility to the farmers and non farmers (those who provide tractors to farmers on rental basis for various tractor related operations), for purchase of Tractor on Lease Finance Basis. 
Eligibility: Resident Self Cultivator having Agriculture Land minimum 5 acres and maximum 50 acres (or)
The persons who are related with the business of providing services for tractor
related farming practices to the farmers on rental Basis.
Amount: Maximum Rs. 750,000/-.
Repayment: 10 equal half yearly installments (within five years).
Source: http://www.bop.com |
