ZTBL building
:: Zarai Taraqiati Bank Limited::

Financing for "Hay Packing"

Urdu Version

Hay making is a process in which fodder may be kept preserved for longer period of time without danger of spoilage.
In order to facilitate the farming community & to overcome the feed/fodder problems of dairy/livestock animals especially during off seasons, ZTBL has decided to introduce the subject scheme.

Operational Jurisdiction: All ZTBL Branches across the country.
Eligibility i) All new as well as old creditworthy farmers, are eligible to get financing under the scheme, however preference will be given to those farmers who are already engaged in this business/activity.
ii) The borrower/farmers must have valid copy of CNIC.
iii) Clear CWR
iv) ORR rating up to 4.
Documents Required CNIC Copy, Loan Case File, Agri. Pass Book/Fard Jamabandi & 2 recent photographs
Maximum Loan Limit Under the scheme, maximum financing limit is upto Rs. 1.500 million per borrower/party.
Collateral The loan would be secured against all types of securities acceptable to the Bank as per its standing instructions.
Equity Contribution 10% of the loan amount be kept in the Deposit Account of the borrower which will be accounted for in the last loan installment.
Rate of Markup Prevailing rate of mark up on development loans is applicable
Cost of Credit As per standing instructions of the Bank.
Repayment Schedule The loan under the scheme is recoverable within 05 years in 08 to 09 half yearly installments on 15th January or 15th July with grace period of six months with the following provisions.
i) 100% cash on due date must be recovered.
ii) No roll-over is allowed under the scheme.
iii) Targeted NPLs must not to exceed > 10%.
iv) Hay Packing Machine is not be rented to third party.
Utilization/Monitoring MCO & Manager concerned will be fully responsible for monitoring, assisting and guiding the borrower for proper utilization of loan. However, MCO will check the utilization of loans within one month of disbursement in 100% cases. Moreover, Manager, Zonal Manager (Recovery) and Bank’s Internal Auditor will also check the utilization of loans within prescribed share percentage.

Related Documents

Loan FAQs ( Urdu PDF 599KB )