IFIC Bank offers Krishi Saronjam Rin to individual /Group at micro level for purchasing of agricultural machinery like new power tiller/power tiller with plough (tractor), single cylinder tractor with plough, power tiller with trolley, Rotavator 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.50,000/-
Maximum Tk.1,000,000/-
Loan Period
Minimum 12 (Twelve) months.
Maximum 36 (Thirty six) months.
Nature of the Loan
Lease Financing.
Repayment
Monthly Repayment facility.
Collateral Security
Preferable but not mandatory.
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.
