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  Camel and Bullock Cart Scheme:
 

 

(For Punjab farmers only) Under this scheme, small farmers can avail loan for the purchase of two oxen and a bullock cart. In Bathinda, farmers can buy one camel and a camel cart..


 

The details of the scheme are given below:-

A. For Bullock Cart

Amount (in Rupees)

Cost of two Oxen

9000

Cost of Bullock Cart (Two wheeler)

10000

Cost of Bullock Cart (Four wheeler)

14000

B. For Camel Cart

Amount (in Rupees)

Cost of one Camel

9000

Cost of Camel Cart (Two Wheeler, Iron Cart)

12000

Cost of Camel Cart (Four Wheeler)

14000

C. Camel, Oxen, Buffalo and Tonga

Cost

Age

Grace Period

Buffalo/Ox

4500

5 Years

----

Horse

7500

4-5 Years

3 Months

Horse Tonga

6500

4-5 Years

2 Months

Mule

12000

4-5 Years

3 Months

Terms and Conditions

1. Only small and marginal farmers are eligible to this loan

2. The animals will be bought by the Purchase Committee, comprising the bank representative, applicant, a Government veterinary doctor and representative of the insurance company. The committee will ensure that the animals are healthy and four-six years old.

3. The borrower must have proper arrangement for dry and green fodder.

4. Animals and goods purchased through loan must be insured.

5. The loan has to be refunded in five years, in 10 equal half-yearly installments.

For details, contact the Primary Agriculture Development Bank.

                             

                                          
 
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