SME Product/Programs of ABL
Nari Agrani is a special credit program for the women. It is a recent and popular credit program of Agrani Bank Limited. It is introduced in 2010 under SME financing with a view to bring the women in the mainstream development activities. Under this program, an eligible woman can avail the SME credit with only 10% interest per annum and 75:25 debt equity participations. No collateral is required up to Tk.1.00 million (10.00 lacks) and one can get the maximum loan amount of Tk.10.00 millions (1.00 crore) with necessary collaterals. The activities of the program are extended in all the branches of Agrani Bank Limited.
Employment Generation Project for the Rural Poor (EGPRP) is a foreign aided (IFAD aided) credit program. It is under taken in 1995 under IAFAD Loan No. 378 BD. It is introduced mainly for nationwide small enterprises development, poverty reduction and employment generation. Under the program, countrywide 168 designated branches of Agrani Bank Limited are involved in disbursing the credits to the target people. As a retailer, an eligible NGO can avail a bulk loan for on-lending to the people. The loan size at individual level is Tk.20,000 to Tk.5,00,000 and no collateral is required up to Tk.75,000. The rate of interest of this credit is reasonably minimum
Special Micro Credit Program (SMCP) has under taken to finance in small farm and other income generating activities. A wide range of rural activities are involved in this program. The main purposes of the program are income generation, employment creation and poverty alleviation. An individual or a group can avail the loan under the credit line. There is a provision to involve NGOs for group development and loan recovery. The maximum loan amount is Tk.50,000 to a individual level. The interest rate is minimum and it is only 10%. It is a country wide collateral free credit program.
Daridra Bimochon Karmasuchi (DABIK) is a credit program mainly for the hard core people. A person who has up to 0.50 acres of land including homestead can avail the loan facility. A wide range of rural activities are involved in this program. The main objectives are micro enterprises development, income generation, employment creation and poverty alleviation. An individual or a five member group can avail the loan. It is a small and collateral free loan. The maximum loan limit is Tk.10,000 to a individual level. The rate of interest is only 10%. The activities of this program are extended in all the branches of Agrani Bank Limited.
Small Enterprises Development Project (SEDP) is a NORAD aided project. The activities of this program are extended in greater Mymensigh and greater Faridpur districts. The main objectives of this project are the development of small enterprises, income generation, employment creation and economic development. A wide range of small enterprises are being financed under the project such as rice mill, oil mill, food processing, flour mill, nursery, hatchery, fishery, handicrafts etc. The maximum loan ceiling is Tk.5,00,000 and up to Tk.1,00,000, no collateral is required. The rate of interest is reasonably minimum. Of late, this project is converted into a subsidiary limited company of Agrani Bank Limited.
Loan for the Disabled Persons (LDP) has introduced for the disabled persons with a view to bring them into the mainstream development activities of the country. A man who is physically disabled but mentally sound can avail the loan under the program. A disabled person individually or jointly with his competent family member can avail the loan. The maximum loan ceiling is Tk.25,000 for the first time and Tk.50,000 for the second time. The rate of interest is only 10% per annum. It is a collateral free loan program and its activities are extended in all the branches of the bank.
Small Credit Program for the Women (SCPW) is a small credit program for the women. It is introduced to uplift the socio economic condition of the women. A large number of income generating activities such as tailoring, printing and dying, ready made garments, laundry, poultry, mini dairy, goat rearing ,beef fattening, nursery etc. are involved in the program activities. Maximum loan limit is Tk.1,00,000. Up to the loan amount of Tk.50,000 , no collateral is required. The rate of interest is only 11% per annum under the credit program. All the branches of Agrani Bank Limited can disburse the credit to the eligible women under this program.
Special Commercial Loan Program (SCLP) is undertaken by the bank to extend and develop the small business of the country. This is a short term loan and the loan is delivered as cash credit. The maximum loan ceiling is Tk.2,75,000 and necessary collateral is required for this credit. The rate of interest is reasonably minimum.
Marginal and Small Farm System Crop Intensification Project (MSFSCIP) is another IFAD aided project. The activities of the project are extended in 9 upazillas of Kurigram district. The primary objective of the project is to establish a sustainable linkage between the SHGs (Self help groups) and the bank so that the rural people become bankable. It is a collateral free loan and it is under refinance scheme of Bangladesh Bank. The rate of interest is reasonably minimum.
SME Small Transport Credit Program (SMESTCP) is designed for income generation, employment creation and the development of the rural transport system. An eligible person or a 2-3 member group can avail the loan facilities to purchase an eco-friendly small transport under this program. The maximum loan ceiling is Tk.3,00,000 and rate of interest is only 10%. It is a collateral free loan up to a certain limit.
Solar Energy, Bio-gas and Effluent Treatment Plant Credit Scheme (SBETPCS) is a green credit scheme of Agrani Bank Limited. Under the scheme the entrepreneurs can enjoy the credit facilities to establish solar panel, bio-gas plant and effluent treatment plant. The credits are disbursed directly or through NGO linkage program. The rate of interest of this credit is reasonably minimum. The activities of the scheme are extended in all over the country.