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Banking & Credit :: BANK OF PUNJAB

4. Second Hand Tractors Leasing Finance Scheme

Purpose:
Leasing out Used/Second hand tractors to farmers. The Tractor would be unencumbered and should not be more than three years old maintaining good condition.

Eligibility:  
Resident Self Cultivator having Agriculture Land minimum of 5 acres and maximum 50 acres.   

Amount:
Maximum Rs.400, 000/-

Repayment:
Half yearly installments. (Minimum two and maximum six half yearly  installments).


5. Kisan Dost Aabrari Scheme

Purpose: 
Installation of Tube well, turbines etc.

Eligibility:
Resident Self Cultivator having Agriculture Land minimum 5 acres and maximum 50 acres.

Amount:
 Maximum Rs 500,000/-.

Equity:
 20% of the cost of project will be paid by the borrower.

Repayment:
  8-10 equal half yearly (within four to five years).


6. Mechanization Support Scheme

Purpose:
Purchase of Agricultural Implements e.g. Trolley, thresher, plough, richer etc.

Eligibility:
Resident Self Cultivator having Agriculture Land measuring 5 acres to maximum 50 acres.

Amount: Maximum Rs.500,000/-.

Repayment:
8 equal half yearly installments (within four years).


7. Kisan Dost Farm Transport Scheme

Purpose: Provision of financial facility to the farmers for purchase of Farm Transport Vehicles e.g. Small Pickups, Vans and small chillers.

Eligibility:
 Resident Self Cultivator having Agriculture Land minimum 5 acres and maximum 50 acres.     

Amount:
 Maximum Rs.500,000/-.

Equity:
20% of the cost of Vehicle will be paid by the borrower.

Repayment: 10 equal half yearly installments (within five years).

 
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