ZTBL

ZTBL building
:: Zarai Taraqiati Bank Limited::

Rural Devlopment Scheme

In order to provide credit assistance for dairy, poultry, sheep & goat farming in rural areas of the State Azad Jammu & Kashmir , an MOU has been signed between ZTBL & Small Industries Corporation of AJ&K according to which mark up on timely repayment of loan is paid by AJ&K Corporation.

TERMS & CONDITIONS
Operational Jurisdiction: The scheme is implemented in Azad Jammu & Kashmir through network of ZTBL branches.
Eligibility The borrowers are selected by AJ&K Small Industries Corporation. The loan to the selected borrowers is provided by ZTBL as per prescribed procedure.
Documents Required CNIC Copy, Loan Case File, Agri.Pass Book/Fard Jamabandi, 2 photo- graphs & e-CIB Report.
Maximum Loan Limit Rs.1.500 million per borrower/party.
Collateral: Tangible properties.
Cost of Credit
Loan case file/booklet Rs.200/- each
Appraisal fee. 1% for loan up to Rs. 50,000/-
2% for loan above Rs.50,000/-
CWR Rs.150/-
  Postal Charges Rs.1000/-
Repayment Schedule Poultry Farming: The loan is recoverable within 5 years in half yearly installments commencing one year after 1st disbursement of loan. Dairy/Livestock Farming: The loan is recoverable within 5 years in half yearly installments commencing six months after 1st disbursement of loan.
Rate of Mark Up: The prevailing rate of mark up on development loan and incentive on timely repayment of loan is applicable which will be paid by the Corporation.
Monitoring: Strict monitoring is exercised by ensuring checking of utilization by the MCO in 100% cases and sample checking of utilization by the Manager, Zonal Manager (Recovery) and Internal Auditor of the Bank.

Related Documents

Loan FAQs ( Urdu PDF 599KB )