Non-Formal Rural Activities 

  • Fund access to non-formal rural activities,
  • Base-line financing for individuals and cooperatives engaged in agriculture, livestock, forestry, fishery and other manufacturing and production activities,
  • Boosting overall rural communities and supporting rural entrepreneurs,
  • Improve living standards of rural communities.

Fund Terms and Conditions

Fund SizeMaximum of Nu.5,00,000
Interest4% p.a.
CollateralNot Required
TenureMaximum of 10 years (depending on the nature of project.)
Gestation PeriodMaximum of 12 months (depending on the nature of project.)
Mode of RepaymentMonthly/Quarterly/Half-Yearly
Repayment SourceCash flow from activities or identified repayment source
CIB ReportApplicable
GuarantorIndividual having good credit history with other Financial Institutions
SectorProduction & Manufacturing and non-formal rural activities
Licenses and ClearancesDepending on the nature of project

Documents to be submitted:

Category 1: LivestockCategory 2: AgricultureCategory 3: Weaving Category 4: Horticulture or any other project which are unable to generate income during the projected repayment tenure. Category 5: others (manufacturing & production and purchase of machineries & equipment)
1. REDCL Fund Application Form1. REDCL Fund Application Form1. REDCL Fund Application Form1. REDCL Fund Application Form1. REDCL Fund Application Form
2. Residency letter.2. Residency letter.2. Residency letter.2. Residency letter.2. Residency letter.
3. The lease agreement if the proponent is leasing land to conduct business in the area other than his/her residency.3. The lease agreement if the proponent is leasing land to conduct business in the area other than his/her residency.3. The lease agreement if the proponent is leasing land to conduct business in the area other than his/her residency.3. The lease agreement if the proponent is leasing land to conduct business in the area other than his/her residency.3. The lease agreement if the proponent is leasing land to conduct business in the area other than his/her residency.
4. Technical Verification from Livestock Officer.4. Technical Verification from Agriculture Officer.4. Weaving Confirmation Letter from the Gup/Mangmi.4. Technical Verification from livestock/Agriculture Officer.4. Copies of CID card of proponent and guarantor.
5. Sales Deed/Sale agreement with seal and signature of Gup.5. Land Certificate copy for particular plot.5. Copies of CID card of proponent and guarantor5. Sales Deed/Sale agreement with seal and signature of Gup.5. Two passport size photo of proponent.
6. Copies of CID card of proponent and guarantor.6. Authorization letter and CID card copy from land owner(in case the proponent is not the land owner).6. BDBL savings account number of the proponent.6. Land Certificate copy for particular plot.6. BDBL savings account number of the proponent.
7. BDBL savings account number of the proponent.7. Copies of CID card of proponent and guarantor. 7. Authorization letter and CID copy from land owner (in case the proponent is not the land owner).7. Others (the additional document(s) depending on the nature of project).
 8. BDBL savings account number of the proponent. 8. Copies of CID card of proponent and guarantor. 
   9. BDBL savings account number of the proponent. 
   

10.Income source:

  • Salary – Pay slip with assurance letter by pay slip holder.
  • Dairy farming (milking cow) – Concerned letter from livestock officer.
  • Business- business license.
  • Taxi – Taxi operating permit (TOP) with PD license.
  • Rental – Concerned letter from Gup/Mangmi.
 

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