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The role of modern communication is most vital for the socio-economic growth and uplift of a developing country like Bangladesh. A sound and efficient communication network is the pre-requisite for sustained development through the expansion of trade, commerce and industry. In this backdrop the demand for road and water transports has increased manifold throughout the country. Moreover, the use of modern transports has increased keeping pace with the rise of the standard of living of the professionals. Considering all these facts, Islami Bank Bangladesh Limited has introduced 'Transport Investment Scheme'. Under this scheme investment on easy terms is being extended to the existing successful businessmen in road and water transports and potential entrepreneurs in this sector for different types of road and water transports. Besides, Multinational companies, established business houses and well to do officials and professionals can become owner of various kinds of transports through Hire Purchase under this scheme.
Aims
and Objectives
q
To
assist in the development of communication system of the country.
q
To
help overcome the existing transportation problem.
q
To
assist solvent service-holders and professionals having fixed income for
acquisition of private cars and thus to help them to improve their professional
efficiency and the standard of living.
Mode
of Transports
q
Road
Transports
Private
car, microbus, jeep, pick-up van.
Bus,
truck, minibus.
Auto-rickshaw,
tempo.
Ambulance.
q
Water
Transports
Cargo
vessel of maximum 500 ton capacity.
Ocean
going vessel of maximum 800 ton capacity.
Target
Group
q
Bus/Truck/Minibus
Successful
individual/businessman/firm engaged in transport business and potential
individual/ businessman/firm who intends to take-up transport as business.
q
Private
Car/Microbus/Jeep
Permanent
Officials of Government, Semi-government, Autonomous Bodies, Corporations, Banks
and Financial Institutions.
Established
Businessman and Business Establishments.
Officials
of Defense Forces.
Professionals:
University Teachers, Doctors and Engineers.
Experienced
Person/Firm engaged or interested in transport business (Rent-a-car). Preference
will be given to those person and firms who are already engaged in transport
business.
q
Auto
Rickshaw/Tempo/Pick-up van
Persons/Businessmen/Firms
who have already proved themselves successful in the transport business and
those efficient and potential persons/businessmen/firms who are interested to
take small transport as business, may apply for investment to purchase
auto-rickshaw, tempo and pick-up van.
q
Ambulance
Established
Clinics and Hospitals.
q
Water
Transport
Experienced
and successful Persons and Businessmen engaged in water transport business.
Area
of the Scheme
q
Road
Transport: All
Branches of the Bank.
q
Water
Transport: Preference
will be given to
areas adjacent to Branches located in
river-ports.
Mode
of Investment
Hire-Purchase Shirkatul Meelk
Amount of Bank's Investment and Client's Down Payment
Type of
Transport
Bank's Maximum Investment Client's Down Payment
1.
Private Car/Jeep
70%
30%
2.
Bus/Truck/Mini-bus 60% 40%
3.
Water Transport
50%
50%
4.
Auto Rickshaw/Tempo/
Pick-up van/Ambulance
50% 50%
While ascertaining Bank's investment to
service holders it should be kept in view that the amount of monthly installment
does not exceed 40% of his total salary.
Period
of Investment:
q
Maximum
3 years from the date of delivery of the vehicle.
Rent
of Investment
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