Now farmers will get a loan of up to 5 lakhs to buy a car


Star Krishi Vahan Yojana Under this scheme, a loan of Rs 5 lakh is being given to the farmers to buy automobiles. Farmer citizens can get loan quantity to buy automobile under this scheme. Farmers can buy new automobiles and second hand automobiles under this scheme. Farmers, citizens and people residing in rural areas, proprietorships, partnership corporations, corporates, FPOs, FPS and cooperatives (engaged in agriculture, allied actions, agricultural infrastructure, allied actions) all farmer people Rs. 5 lakh to buy automobiles under this scheme You can take loan up to Rs. So allow us to know in element all sorts of data associated to Star Krishi Vehicle Scheme, how farmers can apply for loan to take citizen automobile.

Star Krishi Vahan Yojana: Now farmers will get loan up to 5 lakhs to buy a car
Star Krishi Vahan Yojana

Star Krishi Vahan Yojana

Star Krishi Vehicle Scheme has been began for the farmers through Bank of India. Under this scheme, loan quantity is being offered to the farmers on the buy of new and outdated automobiles. If you are also a farmer citizen and are pondering of shopping for a automobile, then you can get loan quantity under this scheme to buy tractor, truck, and other sorts of automobiles. And you can buy new and outdated for your self there. Under this scheme, this loan will be made available to the farmers at low rates of interest. On the foundation of this scheme, a farmer can apply for a loan for the buy of both new and second hand automobiles. Farmers can apply for this loan under Bank of India.

Now farmers will get a loan of up to 5 lakhs to buy a car

On the foundation of this scheme launched by Bank of India, farmers can apply for a loan of Rs 5 lakh for the buy of a automobile. In order to help the farmers in agricultural associated works, this particular facility has been made available to the farmers by BOI. To take a loan up to Rs.5 lakh, the farmer particular person has to fulfill certain circumstances primarily based on this scheme. On the foundation of which they will get the opportunity to take this loan quantity.


  • To take a loan up to Rs. 5 lakh, farmer citizens should have a imaginative and prescient mortgage of a finance automobile as a safety under this scheme. Simultaneously, the hypothecation cost should be registered with the RTO.
  • The automobile should be comprehensively insured with financial institution clause.
  • For taking loan quantity more than 5 lakh as safety, the hypothecation and hypothecation cost of the automobile financed to the farmer particular person should be registered with the RTO.
  • Comprehensive automobile insurance coverage with financial institution clause
  • Collateral safety of equal to or more than 60% of the loan quantity (50% if TDR, LIC, NSC/KVP, and so on.) is required. Collateral safety includes mortgage of agricultural land, demarcation of open plot, residential/business property and so on.
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