Rastriya Banijya Bank Launches ‘Kisan Saral Karja’ for Farmers

Kathmandu, Rastriya Banijya Bank (RBB) has introduced a new agricultural loan product, Kisan Saral Karja, aimed at supporting farmers across Nepal. Under this scheme, farmers can avail loans of up to NPR 10 lakh, with an additional facility of a Kisan Credit Card worth NPR 1 lakh.

The loan is available to farmer aged 18 to 65 engaged in agricultural businesses or legally registered firms. It can be used for both term and working capital financing, with a maximum repayment period of 10 years, including a grace period. RBB will finance up to 70% of the net trading assets.

The interest rate will be determined by adding a 0.5% premium to the base rate, with the agricultural project itself serving as collateral. If necessary, house or land can also be used as collateral.

The Kisan Saral Karja is available at all 294 branches of RBB across 77 districts in the country..