Co-operative Loan

The Co-operative Loan is designed to cater to the credit requirements of registered cooperatives or groups to take up higher levels of income-generating activities.

The cooperative loans are wholesale lending facilities offered to cooperatives, which independently decide how the funds are distributed among their members.

Eligibility

• The cooperative must have valid registration with the Department of Agriculture Marketing and Cooperatives or a relevant registry/regulatory authority.
• The cooperative should carry out activities permissible as per applicable acts or regulations.
• The cooperative must have a good track record with other financial institutions, including any BDB branch office.
• Individual members of the cooperative must also have a good repayment record with other financial institutions, including BDB.
• Any existing loans of the cooperative or its members must be either fully repaid or regularized.