Cent Kisan Vahan Scheme

Purpose

* To provide Finance for purchase of all type of vehicles i.e. Two/Four/ Transport vehicle       

Eligibility

Farmers/Group of farmers/firms/Companies engaged in farming and /or in allied and ancillary activities

Nature of facility

 Term Loan

Quantum of Loan

Farmers: Rs 2.00 Lakhs To Rs 15.00 Lakhs

Others engaged in Agri allied /ancillary activities: Rs 2.00 Lakhs to Rs 25.00 Lakhs

Margin

Two Wheelers : 10%

Four Wheelers/Transport vehicles:15%

Security

Hypothecation of vehicle
Collateral Security:
Up To Rs 2.00 Lakhs: NIL
Above Rs 2.00 Lakhs to Rs 10.00 Lakhs: Third Party Guarantee
Above Rs 10.00 Lakhs : 50 % of loan +  Third Party  Guarantee                                

Interest Rate

A)  *(1.) Farmers (Two wheeler and Four wheeler) : MCLR + 0.15%
      *(2.) Others Transport Vehicle : MCLR + 0.50%

B)   *(1.) Agri Business, Service Centers and Allied Activities (Two wheeler and    Four wheeler) : MCLR + 0.15%
      *(2.) Others Transport Vehicle :          
Up to Rs 10.00 Lakh :                                      MCLR + 0.50% 
Above Rs 10.00 Lakh to Rs 25.00 Lakhs :     MCLR + 1.05%

Repayment

5 TO 7 Years