| PURPOSE |
- To Purchase new Motorcycle/Two wheeler
|
| TARGET GROUP |
- Individuals (singly or jointly), Farmers, Agricultural labourers, Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).
|
| ELIGIBILITY |
- Above 18 yrs
- All farmers engaged in cultivation and allied agricultural activities
|
| QUANTUM OF LOAN |
- Maximum of ₹ 3 Lakhs or 85% of On-Road price.(On-Road price include cost Accessories not more than 2% of ex-showroom price + registration + insurance premium for one year only) whichever is less
|
| MARGIN |
|
| INTEREST RATE |
- As Pescribed by the Bank,Interest will be applied on monthly compounding basis
|
