Financing Product for Agri. Machinery

Rice Wheat/Straw Baling Machine & Mini Rotavator (Walking Tractor)

Changing farming practices and trend in the world warrant introduction and adoption of farming practices in the country to bring about agricultural revolution. In order to help the farmers of the country in adoption and utilization of mechanized farming, ZTBL provide financing facility for following agri. machinery items to enhance productivity and adoption of best agricultural practices. 

Rice/Wheat Straw Baling Machine:

Straw baling machine compresses straw into bales for transportation. To bring about mechanization in post-harvest farming practices Wheat/Rice straw baler is proven best in straw collection and recycling. Paddy straw baler is connected to the tractor, it gathers the straw and by means of hydraulic mechanism ejects the completed bales through a tailgate.  The machine clears the soil for next crop, preserves the nutrients of the soil and provides income to the farmer.

Mini Rotavator (Walking Tractor):

Mini-Rotavator is a light-weight and compact machinery suitable to maintain and prepare small gardens. It can loosen and aerate the soil, 4 to 7 inches deep. It is best machinery for weed control and soil pulverization which can be used for small farms, fruit and vegetables, orchards, gardening and nurseries. Mini-Rotavator or Walking Tractor is very suitable for soil conditioning, weed control, seedbed preparation and puddling in small fields.

Terms & Conditions

Operational Jurisdiction

All branches of ZTBL

Eligibility Criteria
  1. Farmers having appropriate self-owned & self-possessed agri. land to cover the project cost of subject scheme are entitled to avail the loan facility for purchase of said new machines through approved dealers/suppliers.
  2. Clear e-CIB Report from SBP
  3. Obligor’s Risk Rating (ORR) upto 4
Items/Product to be Financed
  1. Rice/Wheat Straw Bailing Machine
  2. Mini Rotavator (Walking Tractor)
Documents Required

CNIC Copy, Loan Application, Agri. Pass Book/Fard Jamabandi, 2 recent photographs

Maximum Loan Limit

Upto 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. In case of its non-availability, parents/family member’s security can be accepted as a co-applicant.

Cost of Credit

As per Bank’s Rules.

Rate of Mark Up

The prevailing rate of mark up on banks loans will be charged with 3% rebate on timely repayment of loan.

Sanction of Loan

Loan will be sanctioned by CLSD, ZTBL Head Office with maximum Turn Around Time of 3 days.

Repayment Schedule

Loan would be recovered within 08 years in half yearly installments with grace period of six (06) months.

Monitoring

Close monitoring would be carried out by the respective Bank authorities.

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Agriculture Loan Schemes

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