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    Agricultural /Rural Finance

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    Agriculture remains the most important sector of Bangladesh economy. Overall economic development of the country is dependent of agriculture sector. It is inevitable that the food security of the country can be insured only through expansion of this prioritized sector. However, as widely identified, one of the major constraints that has been hindering sustainable growth and development of this sector is scarcity of fund amongst the poor farmers. Recognizing this and also to facilitate the same, Bank Asia has been providing agricultural credit since its inception. The credit facility has been distributed through direct and indirect channels.

    The Agricultural Credit Department of the Bank has been working since 2006.Till, June 2018 we have facilitate agri/rural credit to 584,581 beneficiaries through its rural branches as well as MFI linkages.


    Vision

    To contribute in the national economy of the country as a premier Bank by participating in agri/rural development.


    Mission


    Promoting sustainable and equitable agri/rural development through effective credit support to the ultimate beneficiaries.



    Product of Agricultural Credit



    CROPPING SUPPORT


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    DAIRY SUPPORT


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    FISHERY SUPPORT


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    POULTRY SUPPORT


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    EQUIPMENT SUPPORT


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    CREDIT FACILITY IN SPECIALIZED SECTORS


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    Eligibility of customers

    • The applicant must be a Bangladeshi national.
    • Age should be between 21 – 60 years.
    • The candidate should have experience in related farming activities.
    • Should have been trained and skilled with sound knowledge in managing the farm.
    • The applicant should own land used for the farm or have verifiable proof of authority to use it in case of landless farmers.
    • The borrower /applicants having secondary line of sources of income will get the priority.
    • The client should not be a defaulter of any Bank/NBFI/MFI.
    • Women borrowers if they meet eligibility criteria and their loan proposals are technically feasible & financially viable will get preference.

    Papers for documentation

    • National voter ID/Passport/Photocopy of ward commissioner/UP chairman certificate of the proprietor/farmer.
    • Valid trade license of the applicant (for farm, if needed).
    • Photographs of the proprietor /farmer/farm/collateral security signed by the applicant.
    • Rent/ Lease/Possession Agreement/Deed.(If any)
    • Latest clean/standard CIB report. (where applicable)
    • Others as applicable.

    Security / collateral

    Up to Tk. 0.5 million

    Memorandum of Deposit of Title Deed.

    More than Tk. 0.5 million:
    Registered mortgage of property acceptable to the Bank.
    and /or
    Lien of cash collateral (FDR) and other en-cashable financial instrument ;( if any).

    Common Security & Collateral:

    • Hypothecation of Crops.
    • Notarized IGPA empowering the Bank to sell the hypothecated assets.
    • PG supported by Net worth Statement of spouse oftheproprietor or other relatives to be obtained.
    • One postdatedcheque covering entire amount of loan including full interest.
    • Others (as per general policy of the Bank).  

     

    • The applicant must be a Bangladeshi national.
    • Age should be between 21 – 60 years.
    • The candidate should have experience in related farming activities.
    • Should have been trained and skilled with sound knowledge in managing the farm.
    • The applicant should own land used for the farm or have verifiable proof of authority to use it in case of landless farmers.
    • The borrower /applicants having secondary line of sources of income will get the priority.
    • The client should not be a defaulter of any Bank/NBFI/MFI.
    • Women borrowers if they meet eligibility criteria and their loan proposals are technically feasible & financially viable will get preference.

    Success Story

    Bank Asia Success Story Photo

    Bank Asia Ltd. has been attained an appreciation letter from the Governor of Bangladesh Bank for 100% achieving of target in 2011-2012.

    Bank Asia Success Story Photo

    Bank Asia Ltd. Jessore Branch has received Best Banker's Award from the honorable Governor of Bangladesh Bank.

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    Investors Relationship Contact Person

    Contact Person : Mohammed Monzur Morshed Bhuiyan
    Telephone Number : +88 02- 47110062, 47110247, 47113867, 47110278, 47110173, 47115813, Ext-301
    Fax No : +88 02 9514820
    Cell No. : +88 01711 198 680
    Email : monzur.morshed@bankasia-bd.com