“Byawasayik Krishi tatha Pashupanchi Karja”(Commercial Agriculture and Livestock Loan) under Jyoti Sahuliyat Karja has been introduced with alignment with the government’s subsidy plan to promote entrepreneurship in the field of Agriculture and Livestock. The loan is specially designed for those motivated youth who want to be self-reliant and startup a venture in agriculture and livestock.This product aims to provide the financial assistance to the individual or organization who are engaged in the business of commercial agriculture and livestock farming.
Finance working capital requirement of the business units engaged in the commercial agriculture and livestock farming.
Term Loans facility will be provided in order to cover project financing, financing for Capital items, civil construction, interior decoration, advance lease payment etc.
Applicant must be a registered organization/institutions for the loan not less than 1 crore. However, loan up to 10 lakhs can be provided to the individual who have attained the age of 18 years.
The borrower must be a registered company for a loan more than 1 crore
Maximum loan amount to be NPR 5,00,00,000 or as prescribed by NRB from time to time
5% Interest Subsidy
If the loan is more than NPR 5,00,00,000, interest subsidy of 2% shall be provided
Tenure of Loan
Maximum 5 years
As per nature of the business, loan can be provided for more than 5 years
No collateral required for loan upto NPR 10,00,000
For loan amount above 10 lakhs, proposed credit facilities shall be secured by Fixed Assets collaterals
Other applicable and proposed security arrangement as per approval
Other security requirement
Personal Guarantee of the borrower and family of members, project run by the borrower, Insurance of the project, Demand promissory note from borrower, loan deed and other required legal documents
Nature of Facility
Non Revolving Facility
Interest of OD loan shall be monthly or quarterly
EMI or EQI in case of Term Loan
Duly filled loan application form of bank
Brief proposal of business operation and utilization of loan for loan up to Rs. 10 lakhs
Detailed business project for loan above 10 lakhs
Photograph and Copy of citizenship of applicant and the guarantors
Copy of PAN certificate
Copy of Registration of the business.
Self-declaration of not blacklisting as per CIB
Detail net worth of the guarantors.
Last two years audited financial statement and three years projected financial statement