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.
Terms & Conditions
| Operational Jurisdiction | All ZTBL branches across Pakistan |
| Eligibility Criteria |
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| 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: –
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| 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. |
