VITA Loan

Overview

Agricultural Development Bank provides VITA loans based on the agricultural value chain through the loan assistance received from the International Fund for Agricultural Development (IFAD), facilitated by the Government of Nepal through the Ministry of Finance.

Areas of Lending : Loan disbursement will be facilitated through the branches under Madhesh Province, Bagmati Province, Lumbini Province and Karnali Province.

Purpose of Loan :

  • For vegetable farming, banana farming, citrus fruit farming, seed production of potatoes and food crops, coffee farming, medicinal herb production, and their processing, storage, sales and distribution, transportation, and export.
  • For cattle farming, buffalo farming, goat farming, local (indigenous) poultry farming, fish farming, beekeeping, and their processing, storage, sales and distribution, transportation, and export.


Eligibility

  • Individuals eligible for loans include Nepali citizens or entities such as sole proprietorships, partnership firms, companies, or organizations that are registered with the concerned authority and regularly renewed.
  • For wholesale lending, eligible borrowers include financial institutions licensed as "Class D" by Nepal Rastra Bank, cooperatives registered under the Cooperative Act (thematic or multipurpose).

Rate & Fees

Interest rates and service fees shall apply as fixed by the bank periodically.
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