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Financing Product for Rice Transplanter

Rice is one of the five major crops of the Country and considered as s staple food. Rice cultivation is a tedious, laborious and time taking process. Mechanization practices in Rice cultivation can save the time and farmer’s operation will become simple & easy and will enhance productivity with speed.

For this purpose, Rice Transplanter is simple, easy and opening the door to a new dimension of rice transplanting & professional agricultural excellence. Rice Transplanter is 20 times more efficient than manual transplanting. ZTBL may arrange financing options for their potential customers as per their farming requirements. Through approved and registered dealers ZTBL can extend finance/insurance schemes based on the farmer’s eligibility.

Terms & Conditions

Operational Jurisdiction Pilot in Sialkot, Gujranwala, Sargodha, Sheikhupura, Larkana, Sukkur & Dera Ismail Khan Zones.
Eligibility Criteria i) Farmers having appropriate self-owned & self-possessed agri. land to cover the cost of Rice Transplanter are entitled to avail the facility of loan for purchase of said new machine through approved dealers/suppliers.
ii) Clear e-CIB Report from SBP
iii) Obligor’s Risk Rating (ORR) upto 4
Items/Product to be Financed Rice Transplanter
Documents Required CNIC Copy, Loan Application, Agri. Pass Book/Fard Jamabandi, 2 recent photographs..
Maximum Loan Limit Upto 4.600 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 The Loan under the scheme would be sanctioned by Central Loan Sanctioning Department upto Rs. 2.500 million and over & above by Head Office Credit Committee.
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.