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Biofloc Fish Farming

Biofloc fish farming is one of the successful and most profitable businesses in Pakistan. Pakistan not only fulfills its domestic requirements of consumption of different fish species but is also able to fulfill orders from abroad. Conventional fish farming is quite expensive and less productive in contrast to Biofloc fish farming.

Biofloc Technology (BFT) is an environment-friendly technique used for the production of situ microorganisms. These microorganisms are produced as hygienic food for the fish species. Because of this technique, fish farming requires zero or minimum exchange of water. This technique helps in balancing the level of Nitrogen and Carbon in the water which are really essential for the production of microorganisms and bacteria so that the fish species could be developed on natural feed and cost be saved on artificially produced. The introduction of this new idea can change the farming trends and bring about a farming revolution in the country.

Keeping in view the above, the management of the Bank is pleased to introduce the titled scheme.

consumption of fish species but also able to fulfill orders from beyond the borders. Conventional fish farming is quite expensive and unproductive in contrast to Biofloc fish farming. Biofloc Technology (BFT) is an environment-friendly technique used for the production of fish. The introduction of this new idea can change the farming trends and bring about a farming revolution in the country.

Keeping in view the above, the management of the Bank is pleased to introduce the titled scheme.

Terms & Conditions

Operational Jurisdiction The scheme will be applicable across the country.
Eligibility
  • The creditworthy and reputable rural farmer having good repayment behavior and is familiar with Biofloc fish farming will be considered for such a loan.
  • Clear e-CIB Report from SBP.
  • Obligor’s Risk Rating (ORR) up to 4.
Documents Required CNIC Copy, Loan application, Agri. Passbook/Fard Jamamadi & 2 recent photographs.
Maximum Loan Limit Rs.5.000 million per borrower/party
Borrower’s Contribution 10% of the loan amount will be deposited by the borrower as self-contribution.
Collateral All tangible securities are acceptable to the Bank.
Cost of Credit As per Bank’s rules
Repayment Schedule The loan will be recovered within 5 years in half-yearly installments with a grace period of one year
Rate of Mark Up The prevailing rate of markup on development loans with a 3% rebate on timely repayment of loans is applicable.
Sanction of Loan Loans under the scheme will be sanctioned by Central Loan Sanctioning Department (CLSD) up to Rs. 2.500 million per borrower/party and over & above by Head Office Credit Committee.
Monitoring Close monitoring would be carried out on monthly basis by the respective Bank Authorities.