Solar Irrigation Pumping System Loan

A group of farmers’ under registered Cooperative society for collective utilization of irrigation in agriculture land.

Features

Loan for Solar Irrigation Pumping System

Target Customer

A group of farmers’ under registered Cooperative society for collective utilization of irrigation in agriculture land.

Purpose of the loan

For setting solar panel, submersible pump, inverter/controller, switching system, and drainage system.

Type of Facility

Term Loan

Tenor

Maximum 120 Months with 6 month Moratorium period.

Age Limit

Minimum-  25 years
Maximum- 55 years

Loan Amount

Min:  Tk. 10.00 Lac
Max: Tk. 35.00 Lac 

Interest Rate

9% p.a. through Bank
11% p.a. through MFI with quarterly rest ( if refinance from Bangladesh Bank is available)
Otherwise rate advised from Head Office.

Security/Collateral

Up to Tk. 5.00 Lac without Collateral

Eligibility

  • Farmers/ Cooperative Society/ Similar registered organization
  • 3 (Three) Years of Experience in agriculture farming or similar business

Other Documents

  • Valid & Updated  Trade License
  • National ID
  • TIN/VAT
  • Opening of Bank A/C
  • Company Seal
  • Photograph
  • Personal Guarantee
  • Corporate Guarantee of agency/MFI
  • Guarantee of the managing committee of C.S
  • Updated CIB
  • Collateral Security (if Req.)
  • Any other Documents (if Req.)
How to Apply