Any justifiable capital expenses and/or working capital and Project finance
Key Features
- Areas:
- Farm machineries /Agri. Equipment (Irrigation and tilling technology/equipment, Thresher, Tractor, Harvester etc.)
- Solar Pumps/ solar power operated irrigational equipment
- Nursery
- Rural transport [Van, Rickshaw, Mechanized boat, covered van (1 ton), truck for carrying poultry/fish etc. (1.5 ton), etc.
- Weavers (Handloom Industry)
- Tissue culture
- NGOs/MFIs for onward lending to Agriculture sector
- Flower cultivation
- Mushroom cultivation
- Bio-gas Plant (for individual)
- Solar panel for house and business enterprises
- Rural Financing
- Storage and marketing of crops
- Others (related to Agriculture)
- Loan size: Up to 100.00 lac
- Financing mode: Loan (General), Hire Purchase, Cash Credit (Hypo)
- Tenure:
- For Cash Credit (Hypo): Maximum 1 year
- For Term Loan /Hire Purchase: Maximum 5 years
Eligibility
- 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 entrepreneur is skilled in managing his farm/ enterprise and has experience of successfully managing the farm/ enterprise for at least two (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
- And other security required as per banking rules
