Long-Term Loans By Cooperative Banks For Agriculture


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For the purchase of agricultural machinery, similar to tractors, loans are supplied on a long-term foundation in opposition to the hypothecation of the tractor. That’s, the borrower is allowed to make use of the tractor and repay the loan on installment basis. On the repayment of the mortgage, the hypothecation of the tractor is lifted and the possession is restored to the borrower.

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