Objective

i. To provide power tillers, power pumps, shallow tube wells, thresher machines etc. on easy terms to unemployed rural youths for self-employment.
ii. To the farmers to help augment production in agriculture sector.

Target Group

Educated / uneducated farmers & persons / youths.

Nature of Goods / Items

Power Tiller / Power pump / Deep / Shallow tube well / Thresher machine / Combined harvester / Tractor / Rice transplanter / USG making Machine / Drum Seeder / Agro processing machinery & equipments etc.

Mode of Investment

Bai-Muajjal / HPSM (item wise).

Period of Investment

Maximum 1-year for Bai-Muajjal & Maximum 2-years for HPSM.

Rate of Return

15.00% or rate to be determined by the Bank from time to time.

Amount of Investment

Maximum Tk.0.30 million.

Bank's Participation

80% of cost price.

Age of Clients

Security

Hypothecation on machinery, immovable properties above Tk.0.10 million, Personal Guarantee(s), MSS / TDR etc.

How to Apply

Application Form shall have to be collected from nearest Branch of Islami Bank Bangladesh Ltd.