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IFIC - PRANTONARI
IFIC - KRISHI SHILPO
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IFIC Green Earth
Loan against 4% Interest Crops Cultivation
IFIC Green Earth
A) DOMESTIC BIO GAS PLANT
Rural areas of Bangladesh is very dependent on fossil fuels such as Diesel, Kerosene etc. & firewood, dried dung for their energy consumption. This use of energy is often coupled with many problems such as deforestation, health hazards and causes of climate change. On the other hand produced biogas through transformation of natural resources can be used as clean cooking fuel as well as sources of electricity at night. The slurry that arises from the manure/dung of a bio-gas plant can be used as high grade organic fertilizer and fish feed. To increase the production and use of bio-gas, IFIC Bank offered credit facility for “Domestic Bio Gas Plant (4 Cow Model).
Purpose
For Integrated cow (Hybrid) rearing & setting up of Bio-Gas Plant (Maximum 4.80 Cubic Meter).
For setting up of Bio-Gas Plant in existing Cattle /Poultry Farm (Maximum 5.00 Cubic Meter).
Type of facility
Term Loan
Loan Limit
For Integrated cow (Hybrid) rearing and setting up of Bio-Gas Plant :
Maximum - Tk.4,50,000/- (four lac fifty thousand)
For Bio-Gas Plant in existing Cattle/Poultry Farm :
Maximum - Tk.50,000/- (Taka fifty thousand)
* (Collateral Free)
Loan Tenor
Maximum - 48 Months
Interest Rate
9.00% (max) p.a. if it is financed directly through our branch.
11.00% (max) p.a. if it is financed through intermediary/agent etc.
(Subject to availability of refinance from Bangladesh Bank)
Repayment Method
Equal Monthly Installment (EMI)
B) COMMERCIAL BIO GAS PLANT
In view of the energy crisis, there is need for developing new as well as renewable sources of energy. To overcome energy crisis IFIC Bank has introduced the above titled scheme being an alternative energy producing resource through gas generator.
Purpose
For setting up Bio-Gas Plant in existing Cattle / Poultry farm to produce electricity through gas generator.
Eligibility
At least 02 years successful experience in livestock /Agro based farming.
Substantial cash flow to repay loans (existing & projected cash flow).
Premises /Land of the project may be owned by the applicant or registered lease land.
Type of facility
Term Loan
Loan Limit
Maximum - Tk.15,00,000/- (Taka fifteen lac)
(Collateral backed)
Loan Tenor
Maximum - 60 Months
Interest Rate
9.00% (max) p.a. if it is financed directly through our branch.
11.00% (max) p.a. if it is financed through intermediary/agent etc.
(Subject to availability of refinance from Bangladesh Bank)
Repayment Method
Equal Monthly Installment (EMI)
C) VERMINCOMPOST
Continuous use of chemical fertilizers badly affect the texture and structure of the soil fertility, reduces organic matter content and decreases microbial activities of soil. So application of vermin compost and conventional compost to soil is the prime need for the maintenance of soil fertility status and crop productivity. IFIC Bank is financing in the said area.
Purpose
To meet the financial needs for purchasing of 2 cows, Vermin, construction of shade and for other expenses to produce Vermin compost Fertilizer for own use/business purpose.
Type of facility
Term loan
Loan Limit
Tk.2,90,000/- (Including purchase of 2 cows + cost of shade + cost of 3 KG vermin + cost of crock + misc. expenses)
Tk.90,000/- (cost of shade + cost of 3 KG vermin + cost of crock + misc. expenses)
(Collateral free)
Loan Tenor
Maximum -48 months
Loan Tenor
9.00% (max) p.a. if it is financed directly through our branch.
11.00% (max) p.a. if it is financed through intermediary/agent etc.
(Subject to availability of refinance from Bangladesh Bank)
Repayment Method
Equal Monthly Installment (EMI)
Finance for Brick Kiln Efficiency Improvement Projects
Brick making by using traditional Fixed Chimney Kiln (FCK) technology are highly energy-intensive and carbon emitting which causes harmful impact on health, environment and contributes to global warming. In order to reduce the emission of carbon gas and to enhance energy efficiency IFIC Bank will provide financial support to establish brick kilns having modern technologies like -HHK, Improved Zigzag or equivalent technology, which are energy efficient & less carbon emitter.
Purpose
To setup Hybrid Hoffman Kiln (HHK) or equivalent technology plant.
Conversion of Traditional Fixed Chimney Kiln (FCK) into Improved Zig Zag Brick Kiln.
Type of Facility
Term Loan
Working capital
Loan Limit
For Setting up new HHK or equivalent technology plant :
Up to Tk.15,00,00,000/-(Taka fifteen crore)
Conversion of Traditional/Fixed Chimney Kiln (FCK) into Improved Zig Zag Brick Kiln :
Up to Tk.10,00,00,000/-(Taka ten core)
Conversion of Traditional/Fixed Chimney Kiln (FCK) into local Zig Zag Brick Kiln :
Up to Tk.70,00,000/-(Taka seventy lac)
(Fully collateral backed)
Loan Tenor
Maximum
- 84 months (excluding maximum 18 months grace period) for setting up HHK & Improved Zig Zag Brick Kiln (Term Loan ).
-60 months (including maximum 6 months grace period) for conversion of FCK to local zig zag brick kiln.
Maximum
- 12 months for W/C
Interest Rate
9.00% (max) p.a. if refinance facility is available.
Repayment method
Equal Monthly Installment (EMI) effective from completion of grace period in Term Loan
OD to be adjusted within the validity.
Policy Guidelines for Fire Fighting & Safety Equipment Loan
Due to non-availability of Fire Fighting Equipment’s and Structural Safety system, most of the Clothing/ Apparel/ Garments Industries in Bangladesh are exposed to fire hazards and causalities and therefore fire disasters in clothing/ garments industries have jeopardized the very existence of these sector. To come out this situation IFIC Bank has introduced “Fire Fighting & Safety Equipment loan” in Garments, Knitting, Textiles, Garments Accessories, Packaging, Terry Towel & Linen manufacturing Industries under Green Financing Scheme.
Purpose
To purchase/ reinstall of Fire Fighting/ Fire Safety Defense Equipment’s like:
Fire Extinguishers along Refill (gas and/ or powder type), Masks, Blankets, Fire Hoses, Fire Beaters, Fire Alarm, Smoke detector,
Heat Sensor, Lock Cutters, Stretches, Ropes etc.
To Construct/ Repair/ Reconstruction of:
Overhead and Underground Water reservoir/ Tanks.
To purchase/ install:
Water pumps, Sprinkler etc. to protect fire incidents.
Eligibility to avail the loan
The industries which have their own factory/industry premises/land - are only eligible to get the loan.
Must be a member of Bangladesh Garment Manufactures & Exporters Association (BGMEA), Bangladesh Knitwear Manufactures & Exporters Association (BKMEA), Bangladesh Textile Mills Association (BTMA), Bangladesh Garments Accessories & Packaging Manufactures & Exporters Association (BGAPMEA), Bangladesh Terry Towel & Linen Manufactures & Exporters Association (BTTLMEA), Bangladesh Plastic Goods Manufactures & Exporters Association (BPGMEA) & Leather goods & Footwear Manufactures & Exporters Association of Bangladesh (LFMEA)
Should have at least two (02) years of experience.
Loan Limit
Maximum BDT 10.00 Million for individual borrower.
Type of Facility
Term Loan (Industrial).
Loan Tenor
60 (sixty months)
Interest Rate
9.00% (max) p.a. if refinance facility is available.
Repayment Method
Equal Monthly Installment (EMI) effective from completion of grace period in Term Loan
SME Banking
The growth of Small and Medium Enterprises (SMEs) in terms of size and number has multiple effect on the national economy, specifically on employment, GDP growth, and poverty alleviation in Bangladesh. IFIC Bank is also a partner of SME sector development of the country.
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