Modern equipments purchase

Purpose: To buy modern agricultural equipments for own use or to hire.

Quantum of finance: 70% of the quotation or scale of finance fixed by the bank per acre whichever is less.

Term: 3 yearly instalments for the loan within Rs.1.50 lakhs.

Term: 5 yearly instalments for the loan above Rs.1.50 lakhs.

Security: Simple mortgage of the collateral property.