VI. Grant Fund Facility (GFF)
Provides financing to SMEs involved in inter alia the agriculture/ agro-processing sector, for the
acquisition of new capital requirements/expenditure. Through this facility, local businesses can access
individual Grants, up to a maximum of TT$250,000 per beneficiary, to finance 50% of the cost of the acquisition.
(The Grant does not cover working capital, land and building costs, and installation costs).
Financing is available to companies involved in the following agricultural/agro-processing sub-sectors:
- Cocoa, vegetable and fruit, meat/fish and coffee processing; dehydration;
- Agricultural equipment and chemical manufacturing;
- Sugar and confectionery; chocolate; diary and sauces;
- Beverages (tea, non-alcoholic beverages, fruit juices and alcoholic beverages); and
- Oil extraction.
For more details, including all eligible sectors and the application process, visit: https://tradeind.gov.tt/grant-fund-facility/
Responsible Agency/Contact Person
Investment Directorate
Ministry of Trade and Industry
Level 12, Nicholas Tower
63-65 Independence Square
Port of Spain
Trinidad and Tobago, W.I
Phone: +1 (868) 623-2931-4 ext. 2207/2210/2230/2219
Email: mti-investmentdir@gov.tt
VII. Research and Development Facility (RDF)
Through its funding, the RDF endorses support for the successful marketplace entry of innovative and technology
driven business ideas in, inter alia agriculture and agro-processing.
Eligible companies can access funding in three (3) phases:
- Phase 1: Feasibility- 70% of the total cost of the project up to TT$100,000.00;
- Phase 2: Product and service development- 50% of the total cost of the project, up
to TT$750,000.00;
- Phase 3: Product/Service Commercialization- up to TT$150,000.00
Special Conditions apply.
For more details, visit: https://exportt.co.tt/research-development-facility/
Responsible Agency/Contact Person
exporTT Head Office
151 B Charlotte Street, Port of Spain
Mr. Crisen Maharaj, Manager Capacity Building and Programme Financing
Tel: (868) 612-3988 ext. 7930
Mobile:
(868) 796-4276
Email: cmaharaj@exportt.co.tt
Web: www.exportt.co.tt
VIII. New Reality Loan
This loan offers up to 80% financing for any viable agricultural project with an interest rate ranging from
3-5%.
Individuals involved in the following areas are eligible to access the loan:
- Primary production (crops, livestock, apiculture, fishing, aquaculture or aquaponics);
- Agro-processing;
- Agri-support type activities (agro-shops, seedlings nurseries, tractor services etc.);
- Marketing, Horticulture, Forestry;
- Agro-tourism;
- Agricultural Cooperative Societies;
- Rural development initiatives; and
- Wood working and saw milling.
Responsible Agency/Contact Person
Agricultural Development Bank
87 Henry Street, Port of Spain
Tel: 612-0163
Web: http://www.adbtt.com/
IX. ADB Secure Loan
The Agricultural Development Bank (ADB) provides agri-entrepreneurs with financing for personal and agri-
business security.
To qualify for this loan, applicants should be a:
- Citizen or resident eighteen years and over;
- Company registered to do business in Trinidad and Tobago;
- New or existing agri- entrepreneur with a viable project;
- Full or part time farmer; and
- Registered farmer/fisherman.
Applicants can benefit from low interest rates of 3% (effective rate).
Responsible Agency/Contact Person
Agricultural Development Bank
87 Henry Street, Port of Spain
Tel: 612-0163
Web: http://www.adbtt.com/
X. Vehicle Package Loan
This loan is specifically for the purchase of a new or used vehicle or tractor. It provides funding to new and/or
existing farmers, fishermen and agri- entrepreneurs.
Characteristics of the Vehicle Package Loan include:
- Medium term loan - 8 years for new vehicles and 5 years for used;
- Monthly instalments;
- Funding for new or used vehicles, farm machinery, tractors and attachments;
- Effective Interest rate between 4% to 5%; and
- Funding of up to 100% (terms and condition apply).
Responsible Agency/Contact Person
Agricultural Development Bank
87 Henry Street, Port of Spain
Tel: 612-0163
Web: http://www.adbtt.com/
XI. Revolving Loan Account
This is similar to an overdraft facility available to individuals and companies that require specific access to
working capital for their operations or every day running of their projects.
It is available to existing clients with good credit ratings. The minimum lending limit for this loan is
TT$10,000.00, with an effective interest rate between 4% and 5%.
Responsible Agency/Contact Person
Agricultural Development Bank
87 Henry Street, Port of Spain
Tel: 612-0163
Web: http://www.adbtt.com/