In the light of “Green Banking Guidelines of State Bank of Pakistan (SBP)” and “Green Banking Policy of ZTBL” five Green Banking Products have been developed by the Bank which will help in mitigating the harsh effects of climate change on agriculture, to conserve the natural resources like water, soil energy and protection of environmental hazards such as environmental pollution and smog etc. The list of products is as follows:
Terms & Conditions
All ZTBL branches across Pakistan.
The creditworthy and reputable rural populace all over the country engaged in the farming activities is eligible to get financing under the said scheme. However, old borrowers having good repayment behavior and familiar with the above activity would also be considered for such loan. Applicant should not be defaulter of any other Bank. Applicant must have a valid copy of CNIC, Clear e-CIB Report and ORR Rating up-to 4.
|Maximum Loan Limit||
The maximum loan limit under the scheme would be upto Rs.2.500 million per borrower/party.
10% of the loan amount will be deposited by the borrower as self-contribution.
Tangible properties owned by borrowers and in case of its non-availability, parent’s/family member’s property can be accepted as a co-applicant.
|Cost of Credit||
As per Bank’s rule.
|Rate of Mark-Up||
Prevailing Bank’s markup rate on development loans would be applicable for the scheme.
|Sanction of Loan||
Loan under the scheme would be sanctioned by Centralized Loan Sanctioning Department upto Rs.1.000 million.
After execution of legal documents loan would be disbursed through borrower current account of the borrower.
Green Banking Products will be jointly registered on the names of the Bank & the borrower and will be comprehensively insured from “A” rated insurance company.
Manager & MCO of the concerned branch would be responsible for monitoring, assisting and guiding the borrower for successful and proper utilization of loan. However, the MCO of the respective branch would check the utilization within one month of the disbursement of loan in 100% cases. Moreover, Manager, Zonal Manager (Recovery) and Bank’s Internal Auditor would also check the utilization of these loans as per prescribed share % age.
Close monitoring would be carried out on monthly basis by the respective Zonal Chief and Credit Operations Department, ZTBL Head Office Islamabad.