Funding for the Farming and Fishing Communities
- The Agricultural Development Fund (ADF) provides loan financing to help farming and fishing communities in Barbados become more competitive. The ADF also provides incentives, technical assistance and grants to this sector.
- 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 the Barbados Revenue Authority (BRA) and the National Insurance Department and show evidence of compliance with these agencies.
- Loan financing is available from BDS$50,000 to BDS$1 million at an interest rate of 6.5% per annum calculated on a reducing basis. Exceptions may be made on a case by case basis.
- 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 BDS$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 BDS$$150,000.
See the Application Form
Loan Applications Exceeding BDS$150,000
A comprehensive business plan should be completed and should contain the following information:
See Guidelines for accessing funding from the Agricultural Development Fund