Incentives & Schemes

Normal Scheme for the Agricultural Sector

Aim of Scheme

To finance projects in the following sectors:

  • Sugar cane – plantation, replantation, derocking, mechanisation, irrigation, faisancevaloir, multipurpose
  • Vegetable, fruit and flower - plantation, mechanisation, derocking and irrigatio
  • Tobacco cultivation
  • Livestock breeding
  • Transport – utility vehicle
  • Fishing, including bank fishing and aquaculture
  • Agro-processing, food preservation and other agricultural diversification projects
  • Seafood hub


Maximum Loan Amount

80% of project cost up to a ceiling of Rs 5 Million



Interest Rate

Repo Rate + 3 % p.a

Repayment Period

Up to 7 years

Moratorium Period

Up to 2 years

Security

  • General Floating Charge and/or Fixed Charge on immovable property
  • Pledge of sugar proceeds or bad weather allowance, where applicable
  • Gage sans deplacement on vehicle, where applicable
  • Mortgage on fishing vessel, where applicable
  • Pledge of rights to the lease, where applicable
  • Fixed Charge on Pledge of rights to the lease
  • Any other collateral security acceptable to the DBM
  • Decreasing Term Assurance

 

Eligibility

  • Planters/farmers registered with AREU, SPWF, SIFB, FSC
  • Operators registered with the Ministry of Agro-Industry and Food Security
  • Operators registered with the Ministry of Fisheries
  • Other operators in the agri-business, fishing and seafood hub sector holding valid licences
  • Other projects recommended by AREU


SUPPORT AGENCY
Development Bank of Mauritius (DBM)
La Chaussee St,
Port-Louis,
Tel: (230) 203 3600
Fax: (230) 208 8498,
Email: dbm@intnet.mu
Website: www.dbm.mu

 

Australia

June 1995
Australian Chamber of Commerce and Industry (ACCI)

China

April 1997
China Council for the Promotion of International Trade (CCPIT) - Beijing
China International Economic and Trade Arbitration Commission - Shanghai
November 1998
CCPIT Guangdong Sub-Council
September 2008
CCPIT Qingdao
May 2007
CCPIT Qingdao

Austria

September 2014
Austrian Federal Economic Chamber

France

September 1996
l’Assemblée des Chambres Françaises de Commerce et d’Industrie (ACFCI)

India

November 1985
Federation of Indian Chambers of Commerce and Industry (FICCI)
May 1996
Confederation of Indian Industry (CII)
June 1995
Tamil Nadu Chamber of Commerce and Industry
January 2004
India International Trade Center
May 2004
Seafood Exporters Association of India
October 2005
Seafood Exporters Association of India

Kenya

January 2011
The Kenya National Chamber of Commerce and Industry (KNCCI)

Madagascar

November 2004
Fédération des Chambres de Commerce, d’Industrie, d’Artisanat et d’Agriculture de Madagascar

Malaysia

August 1994
The National Chamber of Commerce and Industry of Malaysia
June 2005
Malaysian Associated Indian Chambers of Commerce and Industry

Mozambique

September 2012
Chamber of Commerce of Mozambique)

Pakistan

October 2004
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)

Russia

May 2007
Chamber of Commerce and Industry of the Russian Federation

Sri Lanka

May 2004
National Chamber of Commerce of Sri Lanka

Tanzania

January 2011
The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA)

Thailand

August 2004
The Federation of Thai Industries (F.T.I)
February 2013
TUSKON

Turkey

August 2014
DEIK (Foreign Economic Relations Board)
TOBB (The Union of Chambers and Commodity Exchanges of Turkey)

Réunion

June 1995
Chambre of Commerce and d’Industrie de la Réunion
March 2002
L’Association pour le Développement Industriel de la Réunion

Seychelles

November 2005
Seychelles Chamber of Commerce and Industry
April 2014
Seychelles Chamber of Commerce and Industry

Djibouti

August 2008
Chamber of Commerce of Djibouti

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  • Normal Scheme for the Agricultural Sector
  • Normal Scheme for the Agricultural Sector
  • Normal Scheme for the Agricultural Sector