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AGRICULTURE CREDIT
Krishi Saronjam Rin
(for Agriculture Equipments)
Shech Saronjam Rin
(for Irrigation Equipments)
Poshupokkhi & Motsho Khamar Rin
(for Live Stock & Fish Culture)
Phalphasali Rin
(for Fruit Orchard)
Phasali Rin
Shech Saronjam Rin (for Irrigation Equipments)
IFIC Bank offers Shech Saronjam Rin to individual /Group at micro level for purchasing of irrigation machinery like Shallow tube well, Deep tube well, Motor pump, Generator etc.
Eligibility
Any individual /Group (minimum 02 member maximum 10) aged above 18 years and below 60 years at the time of sanction of loan.
At least 3 years involved in agro-based production.
Having homestead and permanently living in the area.
Loan Size
Minimum Tk.20,000/-
Maximum Tk.1,000,000/-
Loan Period
Minimum 12 (Twelve) months.
Maximum 36 (Thirty Six ) months upto Tk.3.00 lac
Maximum 60 (Sixty) months (More than Tk.3.00 lac)
Grace Period
06 (six) months grace period.
Nature of the Loan
Term Loan
Repayment
Equal Monthly Installment.
Collateral Security
Collateral not required for loan upto Tk. 100,000/-
Quick Processing & least formalities
Agriculture Credit
Bangladesh is an agro-based country and majority of our population dependant on Agriculture. Although maximum of the total population is dependant on agriculture, its contribution to GDP has gradually come down. Moreover, every year a huge amount of food grain and other agricultural products are imported to meet the demand of the country.
Application Form
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