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Paddy Aggregation Scheme (PAS)

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The PAS was established in July 2017, to enable rice millers access single digit fund for the purchase of paddy for rice production.


The objectives of the scheme are to:

  • Provide credit facilities to Integrated Rice Millers to increase local production
  • Enhance national food security.
  • Diversify the economy and conserve foreign exchange.

How to Apply

Questions Responses
1 How do I apply for PAS? All applications are though deposit money banks
2 What kind of projects are funded under CACS? The loan is strictly for purchase of locally grown paddy by integrated rice millers
3 Can individuals and enterprises access PAS? No. Only limited liability companies that have integrated rice mills can access PAS
4 Do I need collateral to be able to access PAS loan? Yes. PAS loans require acceptable collateral by the Deposit Money Bank (DMB)
5 Can a company borrow under PAS for a start up? Yes. PAS loans are for start-up and existing integrated rice milling companies
6 What is the tenor of PAS loans? 12 months
7 Can PAS be used for rice cultivation? No
8 Can PAS be used for importation of rice? No.
9 Is there a moratorium under PAS? No
10 What is the loan limit for PAS? N2 billion

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