Poverty Alleviation Credit Programs

Programs

Interest Rate Partner Agencies

Zero Poverty Loan Scheme

The bank has initiated a special group-based micro-credit program entitled "Zero-poverty Loan Scheme" for the extreme poverty stricken 23 upazilas in greater Rangpur district. Poor people in the area pledge labour at lower rate to landlords during lean season for borrowing money. The program is expected to restrain the tendency and eradicate poverty from the region by providing up to Tk 3000 collateral-free credit to day-laborers at only 6% interest rate.
10% RAKUB

Marginal & Small Farm System Crop Intensification Project (MSFSCIP)

The project aims at increasing productivity in agriculture as well as off-farm activities, helping target group people achieve sustainable development, resist the increasing trend of losing land under cultivation and attain self-dependence.
10% RAKUB

RAKUB Self-help Credit Program (RSCP)

The project aims at self-employment generation among landless and marginal farmers through collateral-free credit distribution. The program is a propagation of MSFSCIP model at bank's own initiative.
10% RAKUB

Swanirvar

The term Swanirvar means self-dependence.The bank has introduced the credit program under the auspices of Swanirvar Bangladesh, an NGO to improve socio-economic condition of the helpless rural poor by creating employment opportunities.
10% RAKUB/Swanirvar Bangladesh

Semi-intensive black bengal goat rearing program

Marginal, small & medium farmers, unemployed youth of Rajshahi & Rangpur division are the target group of the program. The program will make contribution to the economy through goat skin export & production of high quality meat for domestic & export markets.
10% RAKUB/Gov

United Nation Capital Development Fund (UNCDF)

Under the program, credit facilities are extended to entrepreneurs of cottage industries for creating self- employment opportunities. The program aims at economic development and upliftment of the craftsmen.
10% RAKUB/UNCDF/BSCIC

RAKUB-NGO Linkage Wholesale Micro credit Program

Under the program RAKUB provides fund to selected NGOs for financing micro-credit among landless, marginal & small farmers within Rajshahi & Rangpur division. Under the program NGOs provide credit to the farmers at 17% rate of interest while they achieve loan at 13% rate of interest from RAKUB.
10% RAKUB/NGOs

Shashya Gudam Reen Prokalpo (Food grain godown credit program)

RAKUB implementing since 1988 as support to the sharecroppers, marginal and small farmers having up to 5 acres of land. Small and marginal farmers receive loan against stored crops in godown immediately after harvest. The farmers sell out the produces when they get desired price for their produces and repay the loan.
10% RAKUB/SIDA

Special Credit Program for Freedom Fighters

The freedom fighters who are financially insolvent, helpless, deprived from social scopes & husbands/wives/sons/daughter from late/ware injured/insolvent freedom fighters are provided collateral free credit facility up to Tk. 1,00,000.00 (one lac) only. The highest credit norm under this credit program is Tk. 5,00,000.00 (five lac) only. Required collateral security is necessary for credit amount exceeding tk. 1,00,000.00 (one lac) only. Rate of interest under this program is 8% (simple).
8%

Credit Program for Physically Disabled Persons

The physically disabled persons who are permanently living in the Rajshahi/Rangpur division of Bangladesh get collateral free credit facilities for different income generating activities under this program. Highest credit norm under the program is Tk. 50,000.00 (fifty thousand) only. Loan is repayable in weekly/fortnightly/monthly/quarterly based upon the type of business and return from it. 10% simple rate of interest is charged against the credit amount.
10%

Foreign Employment Credit Program

The persons who do not have solvency enough to meet the expenses of different formalities to join a job arranged in abroad. Both collateral and collateral free credit scopes are provided under this program. The highest credit norm under this credit program is Tk. 3,00,000.00 (three lac) only. Rate of interest under this program is 13% (simple).
10%

Special Credit Program for Small Ethnic Groups

The tribal who are permanent inhabitants of the Rajshahi and Rangpur division of the country will get credit facility under this program at relaxed terms and conditions. Crop credit, Small business & self employment credit, housing credit and lease realizing credit are provided to the tribal. Rate of interest under this program is 9% to 10% (simple).
9%-10%

Special Credit Program for Service Holders

The government service holders belonging to the Rajshahi and Rangpur division of the country get collateral free credit facility under this program. Highest credit norm under the program is Tk. 3,00,000.00 (three lac) only. Monthly repayment schedule is applicable. Quarterly 15% interest is charged under the program. However, incase of failure of making repayment of monthly installment(s), compound interest is charged.
14%

Consumer Credit Scheme

The government service holders belonging to the Rajshahi and Rangpur division of the country get collateral free consumer credit facility under this program. Highest credit norm under the program is Tk. 3,00,000.00 (three lac) only. Monthly repayment schedule is applicable. Quarterly 16.5% interest is charged under the program. However, incase of failure of making repayment of monthly installment(s), compound interest is charged.
14%

Collateral Free Credit for Small Scale Business Persons

Small scale business persons who are operating their business activities in the urban, hat, bazar etc. important areas, get collateral free credit facilities under this program. Highest credit norm under the program is Tk. 50,000.00 (fifty thousand) only. Quarterly 14% interest is charged under the program. However, incase of failure of making repayment of quarterly interest amount, compound interest is charged.
13%