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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.
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)
20% of value assessed by the Government valuer / dealer approved surveyor of General Insurance Company.
Farmers engaged in cultivation of crops as owner of land, permanent tenants or leaseholders (for reasonably long period)
3 to 5 years depends upon percentage of standard performance of tractor.
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