बैंक ऑफ बड़ौदा ट्रैक्टर वित्त योजना भारत में 2025 | बैंक ऑफ बड़ौदा ट्रैक्टर ऋण

BANK OF BARODA

INTRODUCTION:

Loan for Purchase of new tractor
Loan for Tractor drawn implements
Loan for Power tiller and other agriculture machines etc.

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FEATURES & BENEFITS OF TRACTOR FINANCE

Loan upto cost of Tractor including Implements minus margin
Term Loan
Repayment period up to 9 years
Flexible repayment options

TRACTOR FINANCE MARGIN

Minimum 25% of Cost of the vehicle & Implements

ELIGIBILITY OF TRACTOR FINANCE

Progressive, literate and illiterate farmers engaged in cultivation of crops as owner of land, permanent tenants or leaseholders (for reasonably long period) and who utilize the tractor/ machinery economically to the minimum extent of 50% on their own land holding.

Should have perennially irrigated land of minimum 4 acres (tractors to farmer with land holding below 6 acres of irrigated land is considered for tractors with horse power up to 35 hp).
Should cultivate high value commercial crops such as sugarcane, grapes, bananas & vegetables

REPAYMENT PERIOD

Tractors- 9 years Power Tillers- 7 years (Depends upon the repaying capacity on half yearly and annual basis based on surplus generation from crop and landholding of farmers)

SECURITY

Hypothecation of tractor and implements.
Charge/mortgage of land or third party guarantee

SECOND HAND TRACTOR REFINANCE

INTRODUCTION:

Purchase of second hand tractor

FEATURES & BENEFITS OF SECOND HAND TRACTOR REFINANCE

Max Loan uptoRs. 2 Lacs
Term Loan
Repayment period 3-5 Years
Flexible repayment options

MARGINSECOND HAND TRACTOR REFINANCE

20% of value assessed by the Government valuer / dealer approved surveyor of General Insurance Company.

ELIGIBILITY OF SECOND HAND TRACTOR REFINANCE

Farmers engaged in cultivation of crops as owner of land, permanent tenants or leaseholders (for reasonably long period)

Should have perennially irrigated land of minimum 2 acres in his own name or jointly with family members who will be joint borrowers.
Farmers of other agriculture lending scheme viz. dairy, poultry, fisheries are also eligible to undertake the transportation of their produce as well as hollage work.