Hi Reddy,
1. If you want to load data to lower version, you can create database and then table then bcp the contents.
Also to load the data via bcp do not create indexes or any constraints to make your data load faster.
2. Other option is use proxy tables to transfer without generating flat files but you need to setup the remote server before using proxy tables
3. Install the old binaries and load the required version
Regards
Kiran K Adharapuram