Eligibility
- Individuals having special aptitude in transport business and also the farmers having interest in farm mechanization will be eligible to be financed under the scheme subject to satisfactory compliance of KYC norms.
Purpose
- Purchase of Tractor and other Transport vehicles including three wheelers for the purpose of cultivation, carriage of agricultural produces and for providing transport facility to the farm houses.
Loan Amount
- The loan amount is restricted to the extent of maximum 85% of the cost of vehicle to be purchased out of the loan fund.
Margin: Minimum 15% of the cost of Vehicle to be purchased.
For further details visit nearest OGB Branch.