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Black Australorp Chicken Farming

Black Australorp chicken farming is very popular among backyard poultry keepers. These birds are good-looking, hardy, easygoing, and have highly prolific layers. The Black Australorp is a chicken breed of Australian origin, which was developed as a utility breed with a focus on egg production and the breed is also very good for producing meat.

Terms & Conditions:

Operational Jurisdiction The scheme will be applicable throughout the country where no restriction is imposed by the Federal/Provincial Government.
Eligibility
  1. The creditworthy and reputable rural farmer having good repayment behavior and familiar with the Australorp breed’s behavior & its farming will be considered for such a loan.
  2. Clear e-CIB Report from SBP.
  3. 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 8 years in half yearly installments commencing two year after the disbursement.
Rate of Mark Up

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

Disbursement of Loan

After execution of legal documents, the Loan for poultry structure would be disbursed first in three equal installments after verification of proper utilization of each installment then loan for purchasing Golden/Misri Chicks/Birds and meeting other operational expenses would be disbursed through the current account of the borrower.

Sanction of Loan

Loans under the scheme will be sanctioned by the Central Loan Sanctioning Department (CLSD) up to Rs. 2.500 million and over & above by the Head Office Credit Committee.

Monitoring

Close monitoring would be carried out on a monthly basis by the respective Bank Authorities.