DFCC Bank unveils loan scheme to boost agri business | Sunday Observer

DFCC Bank unveils loan scheme to boost agri business

25 July, 2021

DFCC Bank has introduced ‘Krushibala’ credit scheme to assist SMEs and Corporates engaged in the local agricultural and related sectors. 

The scheme introduces loan facilities of up to Rs. 100 mn, with payment periods of 5 to 7 years based on the type of loan, at a concessionary fixed interest rate of 7% per annum. The core objective of the scheme is to enable and empower SMEs in the Agriculture and related sectors and build a strong platform through which they may work towards overcoming and rebounding from the difficulties faced due to the on-going Covid-19 pandemic. 

 Loans under this scheme can be obtained for cultivation (tea, rubber, coconut, floriculture, rotational crop cultivation, inter cropping), livestock, dairy, agriculture processing (rice milling, grain legume processing, fruit and vegetable processing, dehydration), warehousing and enhancing storage facilities, development of commercial agriculture and hi-tech agriculture and introducing and capacity enhancement of organic fertiliser manufacturing.

The Bank is committed to support organic fertiliser manufacturing through this scheme at a historic time when the country is transforming to organic farming. Therefore, the financial support to entrepreneurs and enterprises that are venturing out to meet the demand of organic fertiliser is crucial at this juncture.