Any justifiable capital expenses and/or working capital in farming /Others related to Agriculture
[Or as determined by Bangladesh Bank’s updated guidelines]
Key Features
- Areas:
- Fisheries
- Poultry
- Hatchery
- Beef Fattening
- Milching cow/Dairy
- Duck rearing
- Integrated Farm (Poultry/livestock, fisheries & others)
- Bio-gas Plant (for individual)
- Bio-gas Plant (for Farm)
- Solar panel for farm
- Others (related to Agriculture) or defined in BB guidelines
- Loan size: Up to Tk.500.00 lac
- Financing mode: Short Term/Term/ CC(H)/OD(G)
- Tenure:
- For Cash Credit (Hypo)/OD(G) : Maximum 1 year
- For Term Loan : Maximum 4.5 years (6 months for Beef fattening)
[Or as determined by Bangladesh Bank’s updated guidelines]
Eligibility
- Loans to Individuals/Farms in Bangladesh
- The applicant must be Bangladeshi by nationality
- Age is between 21– 65 years of age (the borrower's age must not exceed 65 at the expiry of loan tenor), Reside within locality/command area for minimum 2 years
- The customer/entrepreneur has experience of successfully managing the farm for at least 2 years and the location of the business has not changed in last 2 years.
- And others as applicable
Security
- Hypothecation of stock, machineries, equipment, vehicles etc.,
- Personal Guarantee (PG)
- Postdated cheque
- Lien of cash collateral (FDR) and other en-cashable financial instrument (if any/where applicable)
- Collateral: Registered mortgage (where applicable)
- And other security required as per banking rules
