Apiculture/Beekeeping is a green banking product as Bees play a very important role in maintaining biodiversity, ecosystem and the natural networking balance for the survival of life. Bees play a vital role as pollinators and help in maintaining current agricultural production levels. The decrease in quantity of honeybees results in food insecurity “No Honey Bees, No Food, No Future”. So there is dire need for financing and promoting Apiculture/bee keeping activities to maintain the ecological balance of the planet as well as in order to protect food security.
Benefits of Apiculture/Beekeeping:
Keeping in view the above, the Bank has introduced the subject titled scheme as Green Banking Product.
Terms & Conditions
| Operational Jurisdiction | All ZTBL Branches across Pakistan. |
| Eligibility Criteria |
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| Documents Required | CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 2 recent photographs |
| Maximum Loan Limit | Upto Rs. 2.500 million per borrower/party. |
| Borrower’s Contribution | 10% of the loan amount will be deposited by the borrower as self-contribution. |
| Collateral | The loan would be secured against all types of securities acceptable to the Bank. |
| Cost of Credit | As per Bank’s Rules |
| Rate of Mark Up | The prevailing rate of mark up on development loans is applicable with 3% rebate on timely repayment of loan. |
| Sanction of Loan | Loan under the scheme would be sanctioned by Central Loan Sanctioning Department upto Rs. 2.500 million. |
| Disbursement | After execution of legal documents loan would be disbursed through current account of the borrower. |
| Repayment Schedule | Loan would be recovered within 07 years in half yearly installments commencing one year after first disbursement. |
| Monitoring | Close monitoring would be carried out by the respective Bank authorities. |
