STANDARD BANK LIMITED NURSERY/ HORTICULTURE PROJECT
i) AGRI/RURAL CR. HORTICULTURE (Code- L-34)
ii) AGRI/RURAL CR. NURSERY (Code-L-35).
Purpose of Loan: Financing the Farmers /Entrepreneurs for producing plants, flower & flower cultivation etc.
Loan Limit without collateral security: Maximum 3.00 Lac.
Loan Limit with collateral security: As per production cost.
Tenure: As per crops production & harvesting time, it will be fixed.
Rate of Interest: 11% (Subject to change by Bangladesh Bank)
Service charges/ Fees for the facility: N/A
i. DP Note
ii. Letter of hypothecation & mortgage of crops.
iii. Guarantee bond of the spouse of the borrower & other acceptable third party.
iv. Post dated cheque.
v. Other usual Charge documents.
i. Party application
ii. National ID
iii. Passport size color photograph.
iv. Farmer’s card/ UP Chairman certificate favoring farmer.
v. Guarantor’s information & their consent.
vi. Production plan duly sign by the Upazila Agriculture Officer.
vii. Credit report/Confidential Opinion from Local Lead Bank.
viii. CIB Report for Limit above Tk. 1.50 Lac.
ix. Documents related to collateral security (If applicable)
x. Others related documents.