Financing product for Biofloc fish farming

Biofloc fish farming is one of the successful and most profitable businesses in Pakistan. Pakistan not only fulfils its personal requirements of the

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

 

Biofloc Technology (BFT) is an environment-friendly technique used for the production of situ microorganisms. These microorganisms are produced as a 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 bacterias so that the fish species could be developed on natural feed and cost be saved on artificially produced. Introduction of this new idea can change the farming trends and bring about 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 the orders from beyond the borders. The conventional fish farming is quite expensive and unproductive in contrast to the Biofloc fish farming. Biofloc Technology (BFT) is an environment-friendly technique used for the production of fish. Introduction of this new idea can change the farming trends and bring about 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.

Elgibility
  • The creditworthy and reputable rural farmer having a good repayment behavior and familiar with Biofloc fish farming, will be considered for such loan.
  • Clear e-CIB Report from SBP.
  • Obligor’s Risk Rating (ORR) upto 4.
Documents Required

CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 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 acceptable to the Bank.

Cost of Credit

As per Bank’s rules

Repayment Schedule

Loan will be recovered within 5 years in half yearly installments with grace period of one year

Rate of Mark Up

The prevailing rate of mark up on development loans with 3% rebate on timely repayment of loan is applicable.

Sanction of Loan

Loan under the scheme will be sanctioned by Central Loan Sanctioning Department (CLSD) upto 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.

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