We offer credit facilities/loan to youth for commercial agri-businesses to support Nepal Governments’ program of Agriculture loans to youth. Youth engaged and interested in commercial agri-businesses such as livestock, vegetable farming, dairy business, Bee Keeping, cold store etc. are provided with agriculture loan as per the terms and conditions as defined by the Guideline for “Loan to Youth for commercial Agri-business” issued by Nepal Rastra Bank
Last Updated Date: May 17, 2022
Nabil Bank Limited is the first private sector bank in the nation and has been operating since July 1984. With the aim of expanding the international standard of modern banking services to different segments of society, Nabil was integrated. In pursuing its goal, through its 118 points of representation, Nabil Bank offers a full range of commercial banking services. In addition to this, Nabil has a presence throughout the nation through over 1500 Nabil Remit agents. As a leader in the introduction of many revolutionary products and marketing concepts in the domestic banking industry, Nabil started a period of modern banking with customer loyalty calculated as a focal target while doing business. A highly skilled and seasoned management team oversees the bank's affairs, including day-to-day affairs and risk management. The bank is completely equipped with advanced technology, including international standard banking applications enabling e-channels and e-transactions. For all its stakeholders, clients, shareholders, regulators, societies, and employees, Nabil is going forward with a vision to be the 1st option provider of full financial solutions. Nabil is committed to providing its stakeholder's excellence in a variety of areas, not just one measure, such as profitability or market share. It is mirrored in its Together Ahead Brand Pledge.
The term agricultural credit refers to one of several credit vehicles used to finance agricultural transactions. These vehicles include loans, notes, bills of exchange, and banker's acceptances. This type of financing is specially adapted to the specific financial needs of farmers and allows them to secure equipment, plant, harvest, marketing, and do other things that are necessary to keep their farms running. Agricultural credit refers to one of several credit vehicles used to finance agricultural transactions such as a loan, note, bill of exchange, or a banker's acceptance. Financing is specially adapted to the specific financial needs of farmers. It allows them to secure equipment, plant, harvest, marketing, and do other things required to keep farms running or diversify. Credit needs to be available on competitive terms to allow farmers who operate in a free market economy to compete with farms that receive subsidies.
When someone needs credit, they often turn to banks for loans or other credit vehicles. Some industries have special facilities set aside through certain financial institutions as is the case with agribusiness—the business sector encompassing farming and farming-related commercial activities which involve all the steps required to send an agricultural good to market—production, processing, and distribution. This is called agricultural credit, which is available in many different countries. Agricultural credit, which is also commonly referred to as agricultural finance, is an important component of the economy, especially in countries with arable land since agricultural products can be exported. Credit is vital to agricultural businesses because it gives farmers access to capital that might not otherwise be available to them. It helps them secure the seeds, equipment, and land they need to operate a successful farm. Agricultural credit programs not only help farmers and other agricultural producers, but also supports ranchers and rural homeowners with their finances.
The agricultural loan is offered to loan borrowers in various forms as listed below:
Crop loan, also called as Kisan Rin or Retail Agri Loan is a go-to retail loan for agriculturalists to fulfil short term credit needs. Thus it is ideal to fulfil day to day agricultural costs.
Banks offer pre-approved loans to the existing customers by doing a check on their credit score and repayment eligibility. Thus, they provide loans at a competitive rate of interest which are less than the usual personal loan interest rate.
Agriculture crop loan is offered as loan for allied agricultural activities to agriculturists looking out to fulfil working capital requirements. In addition to that, this loan can also be used to plan out long term investment options.
A pre-approved personal loan can be easily availed sitting at the desk of your house in a real quick time. Most of the lending institutions provide the facility to fill and submit the application form along with the necessary documents through mobile application or website of the banks.
This loan is offered to the agriculturists involved in small agriculture projects, to enable the purchase of photovoltaic pumping systems. The loan is offered with a repayment tenure of up to ten years to ease out the prepayment of the borrowed amount.
Agricultural gold loan is a secured loan that can be availed by farmers by pledging their gold. The loan is offered on a lower interest rate and is ideal for arranging funds in times of need.
Horticultural Loan is an agriculture farm loan offered for land development projects related to orchids or vegetable farms. The loan can be used to cover expenses such as fencing, setting up boundaries, and clearing wild plants and trees amongst others.
Forestry agriculture crop loan is offered for maintenance and raising of crops growing on trees. This loan is a multipurpose loan and can be used for converting barren fields into farms, for creating irrigation channels, or for clearing wild growth in the farms.
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