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AGRICULTURE DEVELOPMENT FUND (ADF) SCHEME

The Agricultural Development Fund (ADF) was introduced to finance the development of small and medium sized agricultural and horticultural development in Seychelles, particularly in terms of food security.  Only registered farmers, agricultural input producers, agricultural service providers (e.g. abattoirs and hatchery services) and Agricultural Processors (e.g. butchers, fruits and vegetable processors for jams etc.) who are engaged in full time agricultural activities are eligible for a loan under the ADF Scheme.

Loan Details

12 years

Repayment Period

ADF loans offer a repayment period of up to 15 years

Up to 100 %

Financing Coverage

Financing up to 100% of the project cost, depending on the project

Up to 5 million

Maximum Loan Amount

The maximum loan amount is SR5,000,000

As low as 5 %

Interests

Interest rate can be as low as 2.5%

Download the Product Brochure

ELIGIBILITY CRITERIA

Who Can Apply

Find out who can apply for the BIF loans and check if you qualify for our exclusive opportunities.

Only registered farmers

Agricultural input producers

Agricultural service providers

e.g: abattoirs and hatchery services

Agricultural processors

e.g: butchers, fruits and vegetable processors

Any engaged in agricultural activities

Any individual or company who are engaged in full time agricultural activities

Eligible projects to be financed under this scheme include (but are not limited to):

  • Construction of farm buildings (e.g. shade house I greenhouse, chicken pen, pigsty and other livestock sheds, animal feed facture, abattoir/slaughter house, cold stores, beekeeping infrastructure and any other agricultural infrastructure approved by the Loans Appraisal Unit at SAA)
  • Demountable (pre-fab) farms house/staff quarters.
  • Upgrading of existing farm buildings, equipment and machineries and other farm assets
  • Replacement and/or purchase of new machineries, equipment & tools and other farm assets.
  • Setting up of irrigation and other agricultural technology systems.
  • Site preparation and development.
  • Working capital
  • Raw materials and other agricultural inputs.

Where a loan application also involves the building or refurbishment of a pre-fab (demountable) farm house, the funds allocated for this specific expense shall be one quarter (1/4) of the loan amount or SR 350,000.00 whichever is the lowest.

No building of bricks (fix structure) houses will be considered as part of loan applications for agricultural processing and agricultural service providers or input producers.

Downloads

Use the documents below to apply for this type of loan

Agricultural Development Fund (ADF) Scheme updated 24-03-2021

Checklist Agriculture Company

Know Your Customers (KYC) Form

Loan Application Form for company

Beneficial Ownership Form

Checklist Agriculture Individual

Source of Personal Contribution Form

Loan Application Form for Sole Trader or Partnership