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:: Zarai Taraqiati Bank Limited::

Agri-Financing scheme for CUT-FLOWERS

Urdu Version
In order to promote the floriculture sector in Pakistan and to facilitate rural community to utilize their best potential and skill to earn their livelihood through cut flower cultivation, this exclusive scheme has been launched by the Bank. This will also help in reduction of unemployment among rural masses.

TERMS & CONDITIONS
Operational Jurisdiction: The scheme has been launched in branches falling under zones of the big cities .e. Lahore, Gujranwala, Islamabad, Karachi, Hyderabad, Peshawar & Quetta. to provide access to the prospective farmers to potential market .
Eligibility The creditworthy and reputable rural populace having capacity to repay are eligible to get financing under the said scheme. Preference will be given to new borrowers. However, old borrowers having good repayment behavior and familiar with the captioned activity will also be considered for such loan.
Documents Required CNIC Copy, Loan Case File, Agri Pass Book/Fard Jamabandi, 2 recent photographs.
Maximum Loan Limit Rs.1.500 million per borrower/party.
Borrower's Contribution 10% of the loan amount will be kept in Deposit Account of the borrower which will be accounted for in the last loan installment.
Collateral: All tangible properties owned by the borrowers as per policy of the Bank.
Cost of Credit As per Bank's Rules.
Repayment Schedule Loans for Rose cultivation would be recovered within five years in half yearly installments commencing one year after the disbursement whereas loans for Tuberoses & Gladiolus cultivation would be recovered within five years in half yearly installments commencing six months after the disbursement.
Rate of Mark Up: The prevailing rate of mark up on development loans is applicable.

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