Silage is fermented, high moisture stored fodder, which is used to feed dairy/livestock and other animals in dry season.
In order to preserve & protect silage nutrients from field losses as well as to promote dairy/livestock sector by facilitating the farming community to provide loans for establishment of silage units to overcome the fodder shortage during scarcity/dry season for their animals, the Bank has launched the captioned scheme for the farming community.
Terms & Conditions
| Operational Jurisdiction | All ZTBL branches across Pakistan |
| Eligibility Criteria | The creditworthy and reputable rural populace all over the country engaged in the business of Dairy/Livestock farming is eligible to get financing under the said scheme. However, old borrowers having good repayment behavior and familiar with the above 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 | The maximum loan limit under the scheme is upto Rs.1.000 million per borrower/party. |
| Borrower’s Contribution | 10% of the loan amount will be deposited by the borrower as self contribution. |
| Collateral | Tangible properties owned by the borrowers as per policy of the Bank. |
| Cost of Credit | As per Bank’s Rules |
| Repayment Schedule | Loan would be recoverable within 5 years in Half Yearly installments with grace period of six (06) months |
| Rate of Mark Up | The prevailing rate of mark up on development loans is applicable. |
| Monitoring | Close monitoring would be carried out on monthly basis by the respective Zonal Chief and Credit Operations Department, ZTBL Head Office Islamabad. |
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