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Markup Subsidy & Risk Sharing Scheme for Farm Mechanization (Agriculture)
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Introducing the Markup Subsidy & Risk Sharing Scheme For Farm Mechanization (Agriculture), an initiative that provides financing upto Rs. 30 Million for purchase of new / used farm machinery on flexible repayment options.
| Purpose: | Purchase of new / used farm machinery |
| Eligibility: | Farmers and persons associated with agri business |
| Financing: | Upto Rs. 30 Million |
| Mark-up: | As low as 7% p.a. |
| Tenor: | Upto 7 Years, including 1 year grace period |
| Other Features: | - Quick processing - Minimum documentation - Loan repayment on easy installments |
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