EXIM Bank has committed itself to the Government’s initiative to provide agricultural investment directly to the farmers for agricultural development of the country. From the very beginning Bank has started investment in various sectors including agriculture. Since 2008-09, bank has allocated separate target for agricultural investment. Mainly Crops, Fisheries & Livestock are the 3 core sectors and another agricultural supporting sector is Farm Machinery.

In line with directive of Bangladesh Bank "Agricultural /Rural Credit Policy and programme for the FY-2009-2010” Exim Bank has launched "EXIM KISHAN" a new agricultural product on October 31, 2009. "EXIM KISHAN" is a short term agricultural and rural investment facility under agricultural investment by which farmers, specially share cropper and marginal farmers, are getting agricultural investment without collateral security. -By this time this programme has become popular in share croppers and marginal farmers.

Under guideline of Central Bank policy, the bank has introduced "Area Approach" concept for Mushroom and Flower cultivation at Savar. The Bank has declared "Muddafaorgonj Union" at Laksham Upazilla, Comilla as an "EXIM KISHAN MODEL UNION" for integrated agricultural investment and development.

The objective of the product is to increase agricultural investment with a view to alleviate poverty by ensuring food security which ultimately raised standard of living of rural people by creating employment opportunity. In this regard, the bank has already appointed 19 educated unemployed youth as "Agricultural Field Worker" which directly promote to the Government Employment Creation Program of unemployed youth.

In the FY 2009-2010, Agricultural investment target was Tk.250.00 million. Bank has achieved more than 100% of the target.

During the FY 2010-2011 the Bank has fixed up a target of Tk.300.00 million for Agricultural investment and as on December 31,2010 Tk.194.00 million has already been provided among 1598 farmers which is 65% of the target. It is expected that the target will be achieved by the end of the financial year 2011.

EXIM KISHAN

BAIM (Agri) mode of investment in all crops sector as per Bangladesh Bank “Agricultural / Rural Credit Policy and Program”. Fisheries, Poultry, Cattle for plough, Beef fattening, Duck, Cheeks/ Chicken, Honey extraction, Mushroom, Dates, etc. as working capital investment for farmers.

IBB mode of investment for (Capital items) Purchase farm machineries, purchase milk cow, small hatcheries, making poultry shade/building, mushroom shade, etc.

As per Bangladesh Bank schedule & EXIM Kishan guide lines Mark up: One year in BAIM mode of investment but must ensure early adjustment as per Head Office sanction letter repayment schedule.

Generally not allowed but exception in some limit

Hypothecation of business crops, live animal, chicken, ducks, etc. Personal Guarantee of farmer, his/ her spouse & third party, Post dated cheque, Equitable mortgage (EM) (if any), & Registered Mortgage (RM) with Registered Irrevocable Power of Attorney (RIPA) (if any/Possible) must be obtained.