Rajshahi Krishi Unnayan Bank Small & Medium Enterprises Loan

Envisioned and implemented by the Ministry of Industry, the SME Development Policy of 2016 has strategically identified key sectors for targeted development. These sectors serve as focal points for nurturing innovation, encouraging entrepreneurship, and bolstering economic resilience.

The Pillars of Development: Targeted Sectors

1. Software Development: Embracing the Digital Age, SMEs in software development play a pivotal role in driving technological advancements and innovation.
2. Agro-processing/Agri-business/Plantation Agriculture/Tissue Culture: Aligning with sustainable practices, SMEs in this sector contribute to agricultural progress, ensuring food security and fostering rural development.
3. Leather Goods: From fashion to industrial applications, the SMEs in leather goods industry not only contribute to style but also bolster the economy through exports and job creation.
4. Health Services and Diagnostics: Vital for societal well-being, SMEs in health services and diagnostics ensure accessibility to quality healthcare, addressing a fundamental aspect of human development.
5. Readymade Garments Industry: A cornerstone of the textile sector, SMEs in readymade garments drive employment and economic growth, catering to global fashion demands.
6. Light Engineering Industry: At the forefront of technological innovation, SMEs in light engineering contribute to advancements in machinery, automation, and industrial efficiency.
7. Jute and Jute Processing Industry: Emphasizing sustainability, SMEs in this sector foster eco-friendly practices, playing a crucial role in reducing environmental impact.
8. Diverse Industries: Beyond the specified sectors, the SME umbrella extends to encompass various other industries, creating a dynamic and inclusive ecosystem.

Rajshahi Krishi Unnayan Bank Small & Medium Enterprises Loan Limits

1. Cottage Industry:
   • Productive: 15 Lac
2. Micro Industry:
   • Productive: 1 Crore
   • Service: 25 Lac
   • Business: 50 Lac
3. Small Industry:
   • Productive: 20 Crore
   • Service: 5 Crore
   • Business: 5 Crore
4. Medium Industry:
   • Productive: 75 Crore
   • Service: 50 Crore

Rajshahi Krishi Unnayan Bank Small & Medium Enterprises Cash Credit

• Maximum 100% of the current capital or 75% of the total inventory and receivables.

Rajshahi Krishi Unnayan Bank SME Loan Eligibility Criteria

1. Nationality:
   • Entrepreneurs must be citizens of Bangladesh.
2. Age Requirement:
   • Applicants must be above 18 years old.
3. Professional Experience:
   • Entrepreneurs should possess relevant professional experience.
4. Managerial Skills:
   • Good managerial ability is a prerequisite.
5. Financial Prerequisites:
   • Adequate capital and financial solvency are essential.
6. Repayment Behavior:
   • A track record of good repayment behavior is required.
7. Knowledge and Training:
   • Technical and marketing-related knowledge, along with training, is beneficial.
8. Loan Utilization and Repayment Capability:
   • Entrepreneurs must demonstrate the capability to effectively utilize and repay the loan.
9. Credit Information Bureau (CIB) Report:
   • A satisfactory CIB report from Bangladesh Bank is mandatory.
10. Defaulter Status:
    • Individuals with a history of defaulting on loans from any bank or financial institution are not eligible for this lending program.

Frequently Asked Questions (FAQs) about Rajshahi Krishi Unnayan Bank SME Loan

Q1: What are the maximum loan limits for Cottage Industry?
A1: The maximum loan limit for Cottage Industry is 15 Lac.

Q2: What is the loan limit for Micro Industry in productive, service, and business sectors?
A2: For Micro Industry, the limits are 1 Crore for productive, 25 Lac for service, and 50 Lac for business.

Q3: Can you provide the loan limits for Small Industry in different sectors?
A3: Certainly, Small Industry limits are 20 Crore for productive, 5 Crore for service, and 5 Crore for business.

Q4: What are the loan limits for Medium Industry in productive and service categories?
A4: Medium Industry has limits of 75 Crore for productive and 50 Crore for service.

Q5: What is the maximum cash credit allowed?
A5: The maximum cash credit permitted is 100% of the current capital or 75% of the total inventory and receivables.

Q6: Who is eligible for these loans?
A6: Entrepreneurs must be Bangladesh citizens, aged 18 or above, with relevant professional experience, managerial skills, adequate capital, and a positive repayment history.

Q7: Is it necessary to have technical and marketing knowledge for eligibility?
A7: Yes, applicants should have technical and marketing-related knowledge, along with suitable training.

Q8: What financial prerequisites are required for loan eligibility?
A8: Adequate capital and financial solvency are essential for loan eligibility.

Q9: Can entrepreneurs with a history of loan default apply for these loans?
A9: No, individuals with a history of defaulting on loans from any bank or financial institution are not eligible for this lending program.

Q10: What documentation is required for loan application?
A10: The documentation includes proof of citizenship, age verification, professional experience records, financial statements, and a satisfactory Credit Information Bureau (CIB) report from Bangladesh Bank.