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Poverty Alleviation Credit Programs
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Programs |
Interest rate | Partner agencies |
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Zero
Poverty Loan Scheme The bank has initiated a special group-based
micro-credit program entitled "Zero-poverty Loan Scheme" for
the extreme poverty stricken 23 upazilas in greater Rangpur district.
Poor people in the area pledge labour at lower to landlords during lean
season for borrowing money. The program is expected to restrain the
tendency and eradicate poverty from the region by providing up to Tk
3000 collateral-free credit to day-laborers at only 6% interest rate. |
6% |
RAKUB |
|
Marginal
& Small Farm System Crop Intensification Project (MSFSCIP) The
project aims at increasing productivity in agriculture as well as off-farm
activities, helping target group people achieve sustainable development,
resist the increasing trend of losing land under cultivation
and attain self-dependence. |
12% |
RAKUB |
||
RAKUB
Self-help Credit Program (RSCP) The
project aims at self-employment generation among landless and marginal
farmers through collateral-free credit distribution.
The program is a propagation of MSFSCIP model at bank's own initiative. |
12% | RAKUB |
||
Swanirvar
The term Swanirvar means
self-dependence.The bank has introduced the credit program under the
auspices of Swanirvar Bangladesh, an NGO to improve socio-economic condition
of the helpless rural poor by creating employment opportunities. |
11% | RAKUB/ Swanirvar Bangladesh |
||
Semi-intensive
black bengal goat rearing program Marginal,
small & medium farmers, unemployed youth of Rajshahi
& Rangpur division are the target group of the program. The
program will make contribution to the economy through goat skin
export & production of high quality meat for domestic &
export markets. |
11% | RAKUB/GoB |
||
United
Nation Capital Development Fund (UNCDF)
Under the program, credit facilities are extended
to entrepreneurs of cottage industries for creating self- employment
opportunities. The program aims at economic development and upliftment
of the craftsmen . |
12% | RAKUB/ UNCDF/BSCIC |
||
RAKUB-NGO
Linkage Program (RNLP)
Under the program RAKUB provides fund to
selected NGOs for financing micro-credit among landless, marginal &
small farmers within Rajshahi division. Under the program NGOs provide
credit to the farmers at 17% rate of interest while they achieve loan
at 14% rate of interest from RAKUB. |
14% | RAKUB/ NGOs |
||
Shashya Gudam Reen Prokalpo (Food grain godown credit program) RAKUB implementing since 1988 as support to the sharecroppers, marginal and small farmers having up to 5 acres of land. Small and marginal farmers receive loan against stored crops in godown immediately after harvest. The farmers sell out the produces when they get desired price for their produces and repay the loan. |
12.5% |
RAKUB/SIDA |
||
Northwest
Crop Diversification Project (NCDP) A special program financed
by Asian Development Bank (Bank) started in 2002. Under the program
RAKUB rovides credit facility to selected four NGOs namely BRAC, PROSHIKA,
RDRS & GKF. |
6% | ADB/BB/NCDP/RAKUB |
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