|
|
Commercial Agriculture Credit SchemeFEATURES
Targeted at Corporate, large and Medium scale farmers/Agro enterprises as well as State Governments.
PRODUCTS BENEFITS - Single digit interest rate.
- Relatively longer period of loan repayment
- State Governments have a loan limit of N1 Billion to on lend to farmers.
- Corporate and Commercial Farmers have a loan limit of N2 Billion
REQUIREMENTS - Must have an account with the Bank.
- Have a clear business plan.
- Provide an expression of interest to participate (for State Governments).
- Sign an irrevocable standing payment order (for a State Governments)
- Must have functional structures on ground or set up structures for the deployment of the funds which must include existing registered Cooperative Societies/Unions that must be six (6) months old with proven track records of repayment (for State Governments).
|
|
|