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Zarai Taraqiati Bank Limited (ZTBL) erstwhile Agricultural Development Bank of Pakistan (ADBP) is the premier financial institution geared towards the development of agriculture sector through provision of financial services and technical know how.
Zarai Taraqiati Bank Limited (ZTBL) erstwhile Agricultural Development Bank of Pakistan (ADBP) is the premier financial institution geared towards the development of agriculture sector through provision of financial services and technical know how.
In order to meet the demands/needs of farmers and agri-entrepreneurs, ZTBL strives to take initiatives in introducing innovative development/production schemes to help small farmers overcome their financial needs and earn a decent living for their families, food security issues and poverty alleviation among rural population.
Our deposit products range from Current/ Savings account, term deposits to meet your daily banking needs through our vast branch network spread across the country.
The premier financial institution geared towards the development of agriculture sector through provision of financial services and technical know-how.
Our wide Branch network of 501 Branches ( Conventional & Islamic) to meet your Banking needs within your vicinity.
The chief objective of the scheme is to use seeds of various commodities such as Canola, Rapeseed, Sunflower & Soyabean for economical purposes by extracting edible oil. Oil Expeller Unit/Machine has an important role in extracting oil from raw materials. Oil expeller machine having features such as low price/cost & less complexity could be more attractive among the farmers. It can also alleviate the poverty especially the small farmers through employment generation.
In addition, the scheme could also generate revenue having value added characteristics i.e processing/selling seed residuals for a number of economical purposes. Keeping in view of the above benefits, the Bank has introduced the subject scheme for the farming community.
Terms & Conditions
| Operational Jurisdiction | All ZTBL branches across Pakistan. |
| Eligibility Criteria | All new as well as old creditworthy farmers, are eligible to get financing under the scheme, however preference will be given to those farmers who are already engaged in this business/activity. |
| Documents Required | CNIC Copy, Loan Application, Agri. Passbook/Fard Jama Bandi, 2 recent photographs. |
| Maximum Loan Limit | Rs. 2.500 million per borrower/party. |
| Borrower’s Contribution | 10% of the loan amount will be deposited by the borrower as self-contribution. |
| Collateral | Tangible properties owned by the borrowers as per policy of the Bank. |
| Cost of Credit | As per Bank’s Rules. |
| Repayment Schedule | The loan under the scheme will be recoverable within 05 years in 10 half yearly installments on 15th January or 15th July with the following provisions.
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| Rate of Mark Up | The prevailing rate of mark up on development loans with 3% rebate on timely repayment is applicable. |
| Sanction of Loan
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Loan up to Rs. 2.500 under the scheme will be sanctioned by Central Loan Sanctioning Department (CLSD).
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| Monitoring/Utilization | MCO & Manager concerned will be fully responsible for monitoring, assisting and guiding the borrower for proper utilization of loan. However, MCO of the respective branch will check the utilization of loans within one month of disbursement in 100% cases. Moreover, Manager, Zonal Manager (Recovery) and Bank’s Internal Auditor will also check the utilization of loans within prescribed share percentage. |
