Agricultural/Livestock Loan

BDB being the only development bank in the country with a mandate to serve the rural community in improving the livelihood of the rural people provides loans in agriculture sector which includes loans for land development, purchase of farm machinery or any agricultural activities.

This loan is provided for the purpose of growing crops, land development, raising, breeding and harvesting of plants and animal products and purchase of farm machinery or any agricultural/livestock activities.

QUANTUM

75% of the total project cost or (70%) below 50 million or (60%) above 50 million of the collateral value whichever is lower.

FLOATING RATE

Agricultural/Livestock Loan: 9.25%

TENURE

Upto 5 Years / 5 – 10 Years

EligibilityMust be engaged in agriculture/livestock activities
Must be 18 years and above.

Documents Required
Duly filled in application form
Copy of valid Citizenship Identity (CID)
2 recent passport size photo
Copy of latest land certificate (lagthram)
NOC
Detail project costing of activities to be carried out.
Copy of invoice or quotation for machinery to be purchased from authorized dealer.
Prove of income

Agricultural/Livestock Loan

10.00%