1. Beneficiary – Those who wants to purchase new / old Machinery or Vehicle.
2. Sanctioning Limit – One can avail this type of loan facility after fulfilling necessary
formalities and documents depends upon the income source   and repaying capacity
of the borrower at the prevailing rate of interest decided by the Bank.  For purchase
of new machinery / vehicle, 70% amount of quotation (excluding Tax, Insurance
amount) is to be sanctioned and for purchase of old machinery / vehicle, the 40% -
50% amount of valuation of machinery / vehicle is to be sanctioned depending upon
the age and valuation of machinery / vehicle.
3. Criteria to avail Ad.Ag. Machinery / Vehicle loan –
4. Borrower should be member / shareholder of the bank.
5. If anyone who is not shareholder of the Bank and wants to avail the loan, he has to
become shareholder by depositing Rs. 1000/- plus 100 entry fees and GST towards
membership.
6. The 2.5% amount of the sanctioned loan is to be deducted as share amount.
7. Borrower should submit his photograph, residential proof, income proof, financial
statements etc.
8. Two shareholder along with their income proof, financial statement, photograph,
address proof etc. is required as guarantors for the said loan.
9. Borrower should give advance cheques to Bank for repayment purpose.
10. The repayment of loan is on EMI (Monthly Instalment) basis.