FUNDING FOR THE FARMING AND FISHING COMMUNITIES
- The Agricultural Development Fund (ADF) provides loan financing from $50,000 to $1 million to help Barbados? farming and fishing communities become more competitive. The ADF also provides incentives, technical assistance and grants.
- To qualify for assistance from the ADF you must be registered with the Ministry of Agriculture and Rural Development and be issued with a Farm Registration Identification Card. You must also be registered with both the VAT Office and National Insurance Scheme and show evidence of compliance.
- Loan financing is available from $50,000 to $1 million.
- Security is required, usually in the form of a legal charge over assets acquired with the proceeds of the loan and any other collateral that might be deemed necessary.
LOAN APPLICATIONS LESS THAN $150,000
Applicants will be required to submit a completed application form. EGFL will provide assistance in preparing applications to the required standard for loan amounts less than $150,000.
LOAN APPLICATIONS EXCEEDING $150,000
A comprehensive business plan should be completed which should contain the following information:
See Guidelines for accessing funding from the Agricultural Development Fund
INVESTMENT CRITERIA
NEW SMART FUND ESTABLISHED
Funding available for renewable energy and energy efficiency projects in Barbados!
EGFL is now ready to receive applications for the Pilot Consumer Finance Facility.
