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Khushhali Bank rolling out agriculture loans

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Sunday, May-14-2017


Khushhali Microfinance Bank (KMB) is rolling out agricultural loans under the Khushhali Agri Plus scheme. As part of its MSME outreach strategy, these agri loans shall aid farmers in purchasing agricultural machinery, assets and other irrigational tools.

The loan scheme is organized under the Financial Market Development (FMD) project-a five year technical and training collaboration program funded by USAID in which Khushhali Microfinance Bank is one of the Development Credit Authority's (DCA) partner banks.

With the help of Khushhali Agri Plus, farmers in rural & semi-urban localities can purchase machinery equipment like tractors, trailers, threshers, rotivators, laser levelers, sprayers, seed drills etc along with allied irrigational tools such as Peter engine, turbine, transformers, solar tube wells and more. In the pilot phase, loans can be repaid on a monthly, quarterly and semi-annually, while flexible repayment amount (SC/SC+PA) will be considered after piloting.-PR


Courtesy Business Recorder
 

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