Covid-19 Stimulus Package

Covid-19 Interventions

Agribank has adopted a three-pronged approach: Measure Purpose 1. Payment holiday/relief Provides instalment payment relief; thus easing cash-flow pressure on farmers – impact of COVID-19 to be proven. Payment is postponed to a future date but not written off. Clients who are able to make payments are encouraged to do so. 2. New loans for production...

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Instalment Relief & Modalities

1. Target beneficiaries Relief is open to all clients who can prove COVID-19 adverse impact on a case-by-case basis. Clients wishing, or able, to continue paying entire or part of their instalments are encouraged to do so. 2. Conditions Twelve (12) months for loan instalment holiday ( Interest + capital ). Existing ...

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Types Of Stimulus Loans

OBJECTIVE: To stimulate production activities and support resilience via diversification. Industry Product offering Interest rate Loan period Cropping facility Production inputs. Capital expenditure for farm improvement. Irrigation systems. Solar systems. As per normal product interest rates of the Bank. As per current Bank policy. Restocking facility Restocking for farms with low stock units. Production inputs. Capital expenditure for farm improvement. Solar systems. As per normal...

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Other Relief Measures

1. Interest rate relief Adjustments will be as follows: Rates above 8.5% to be reduced by 0.5%. Rates between 8% & 8.49% to be reduced to 8%. Rates below 8% to remain as is. Penalty interest on arrears to be reduced from 2% to 1.5% during relief period. Bank’s average lending rate will be 8.09%...

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FAQ's

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Download Application Forms

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Apply Here for Relief

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Apply Here for Stimulus Loan

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FAQ

What type of security must I provide for a loan at Agribank?

Loans are granted against security of fixed property, investment or any other acceptable form of security (fixed deposits, investments and surrendering value of policies). read more

Does Agribank also provide personal loans?

No, Agribank is not a commercial bank. read more

Does Agribank provide loans to first time farmers?

Yes, Agribank can assist you to start farming. read more

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