The Agro–Processing Loan is an affordable loan for farmers who wish to add value to agricultural products through processing before selling. It includes juice makers, poultry processors, beef processors etc, who want to purchase equipment used in processing of produce, like tarpaulins, packaging material, branding materials, water tanks, machinery including labour and other operating expenses. This loan is offered to individuals, joint, groups, Associations and companies dealing in agricultural processing.
Benefits
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Increase your working capital
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Purchase processing equipment
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Pay loan in small manageable instalments
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Enjoy low interest rates
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Pay loan over a long period of time
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Repayment grace period
Requirements
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Open a Savings account
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Farmer must be 18 years and above
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Collateral required
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1 reputable guarantor
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Farmer should have a verifiable agricultural processing unit