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Banking & Credit:: ANDHRA BANK

5. AB KISAN CHAKRA

Eligibility:

    • Existing borrowers who are owner cultivators having minimum 2 acres of double cropped area / 5 acres of single cropped area.
    • All farmers below the age limit of 55 years.
    • Women Farmers are also be considered.
    • Loans considered in the name of son / daughter, if the farmer has become ineligible due to agefactor.

Purpose:

  • Purchase of Two Wheelers & Four Wheelers

Amount of Finance:

    • 75% (In case of other farmers)/85%(in case of Small and Marginal farmers) cost of the two-wheeler vehicle, inclusive of life tax and insurance, etc. Subject to a maximum amount of Rs. 40,000/- will be considered under the scheme for purchase of two wheelers of standard make from authorized dealers.
    • 75% (In case of other farmers)/85%(in case of Small and Marginal farmers) cost of the four-wheeler vehicle, inclusive of life tax and insurance, etc. Subject to a maximum amount of Rs.3,00,000/- will be considered under the scheme for purchase of four wheelers of standard make from authorized dealers.

For further details Click here 

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