IDBI Harvesting and Transport Loan
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Overview
The bank extends financial assistance to individuals, Custom service units (CSU) managed by individuals/institutions / organizations, who maintain Tractors, Trucks, combined threshers, etc., and have entered into an agreement and recommended by sugar units for undertaking the work of Harvesting & Transport of sugarcane.
Who is eligible for the Loan?
Individuals, Farmers, and Custom service units (CSU) managed by individuals/institutions / organizations, who maintain fleet of Bullock carts, Tractors, Trucks, combined threshers, etc. and have entered into an agreement and recommended by sugar units for undertaking the work of Harvesting & Transport of sugarcane.
Loan Amount
Term Loan - The loan /advance amount per borrower is worked out on the basis of total bill amount estimated by the borrower.
Tenor
Term Loan – 9-12 months.
