Term Loans, Overdrafts, Letters of Credit, Guarantees and many more such products are included in the credit basket. Recognising individual customer needs Bank Of Maharashtra has identified Customer [...]

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Objective

To finance for tractors to improve farm mechanization.

Eligibility

Farmers having 3 acres of perennially irrigated (owned) or 6 acres of dry land (owned)

Quantum of finance

Up to unit cost of the tractor

Margin

15% of the unit cost

Repayment

9 yearly or 18 half yearly installments linked to harvesting season.

Collateral Security

Up to Rs.3,50,000/- [...]