Purpose of Investment : Financing the Farmers /Entrepreneurs for mashrum project & bee keeping & some other agri project. Investment Limit without collateral security : Maximum Tk. 1.00 Lac. Investment Limit with collateral security : Maximum Tk. 5.00 Lac. 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
Security :
DP Note
Letter of hypothecation & mortgage of crops.
Guarantee bond of the spouse of the borrower & other acceptable third party.
Post dated cheque.
Other usual Charge documents.
Documentation :
Party application
National ID
Passport size color photograph.
Farmer’s card/ UP Chairman certificate favoring farmer.
Guarantor’s information & their consent.
Production plan duly sign by the Upazila Agriculture Officer.
Credit report/Confidential Opinion from Local Lead Bank.
CIB Report for Limit above Tk. 1.50 Lac.
Documents related to collateral security (If applicable)
Others related documents.
