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Financing scheme for “Agri. Land Development through Alternate/ Renewable Energy”

Country is facing the energy crisis. Agriculture sector has received a setback due to energy crisis resulting into low crop productivity. In order to help the farmers to overcome the energy crisis, the Bank has introduced following two products as an alternate/renewable energy resource which will help not only to get energy at low cost but also be useful in boosting agri. Production. This would provide credit for relatively cheaper energy resources to farmers to shift from existing expensive energy options.

  1. Solar Energy System
  2. Bio Gas Unit/Plant

Terms & Conditions

Operational Jurisdiction All ZTBL branches across Pakistan
Eligibility Criteria
  1. The Creditworthy and reputable rural populace all over the country, having capacity to repay are eligible to get financing under the said scheme. However, old borrowers having good repayment behavior and familiar with the above activity would also be considered for such loan.
  2. Not defaulter of any other Bank.
  3. Clear e-CIB Report
  4. ORR Rating up-to 4
  5. The progressive borrower should possess technical know-how of Solar Energy Pump Systems & Bio Gas Unit so as to enable them to establish and run the unit in a commercially viable manner.
  6. Quotation/estimate for installation of Solar Energy System & Bio Gas Unit/Plant from the firm/entity to be verified by respective Branch Manager, duly accepted by the prospective borrower would be required.
Documents Required CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi, 2 recent photographs.
Maximum Loan Limit Rs. 2.500 million per borrower/party.
Borrower’s Contribution The amount over & above the Bank’s maximum per borrower/party exposure will be invested by the borrower in the project as equity, or 10% of project cost if project cost is less than Rs.1.500 million will be deposited in the Bank.
Collateral Tangible properties owned by the borrowers as per policy of the Bank.
Cost of Credit As per Bank’s Rules.
Rate of Mark Up Prevailing Bank’s markup rate on development loans with 3% rebate on timely repayment is applicable is applicable.
Sanction of Loan Loan upto Rs. 2.500 million will be sanctioned by CLSD, ZTBL Head Office, Islamabad.
Insurance Insurance of assets to be created out of Bank loan will be arranged by the borrower.
Repayment Schedule Loans under the scheme would be recoverable as under: –

  1. Solar Energy Pumps/Systems loan would be recovered within 10 years in half yearly installments with grace period of six (06) months.
  2. Bio Gas Unit/Plant loan would be recovered within 05 years in half yearly installments with grace period of six (06) months.
Monitoring Close monitoring would be carried out on monthly basis by respective MCO, Branch Manager, Zonal Chief and Credit Operations Department, ZTBL, Head Office, Islamabad.