Financing of combine Harvesters

1.   A farmer should own minimum 8 acres of irrigated land.
2.   Non-farmer entrepreneurs capable of utilizing combine harvester for custom hiring       work are also eligible.
3.   Combine harvester should be utilized for a minimum of 1000 hours of productive       work in a year.
4.   Unit cost will include cost of combine harvester and accessories, if any.
5.   Minimum 25 percent margin on unit cost may be stipulated.
6.   Makes and models tested by CFMTTI Budni / NRFMTTI Hisar will only be eligible for       finance.
7.   Loan will be available only for purchase of new combine harvesters.
8.   Repayment of loan will be in five years.
9.   Rate of interest will be as applicable to Agricultural Term Loans.


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