In order to empower women of the underdeveloped areas in the country by providing employment opportunities, ZTBL will extend its loaning facilities to such areas of the country where women are already working in the progression of garment’s sector e.g., Hand embroidered Phulkari Chadars in Multan & Bahawalpur and embroidered ladies suits in Hyderabad. Bank will try to provide linkages for marketing through some NGO etc. or by providing some outlet for their produce.
Hence, to start support services in this sector, raw material such as fabric, thread and other materials could be provided to the specific community by making small groups of women in that area or alternatively they may be provided a proper working place to make products in a uniform manner.
Terms & Conditions
| Operational Jurisdiction | The scheme will be applicable throughout the country. |
| Eligibility Criteria | i) All credit worthy women of above areas are eligible to get financing under the scheme. However, preference will be given to those who already have experience in garment’s sector. Loan will be disbursed to a group of 3-4 woman workers in the form of a group partnership. ii) Clear e-CIB Report from SBP iii) Obligor’s Risk Rating (ORR) upto 4 |
| Items for Financing | Term Finance i) Stitching Machine Operational Charges |
| Documents Required | CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 2 recent photographs |
| Maximum Loan Limit | Upto Rs. 5.000 million per borrower/party. |
| Borrower’s Contribution | 10% of project cost or the amount over and above the Bank’s maximum per borrower/party exposure of upto Rs. 5.000 million will be invested by that borrower towards the project as equity. |
| Collateral |
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| Cost of Credit | As per Bank’s Rules. |
| Rate of Markup | The prevailing rate of mark up on development loans with 3% rebate on timely repayment is applicable. |
| Sanction of Loan | Loan under the scheme will be sanctioned by Central Loan Sanctioning Department (CLSD) upto Rs. 2.500 million and over and above by Head Office Credit Committee. |
| Repayment Schedule | Loan will be recovered within five years in half yearly installments with grace period of six months. |
| Monitoring | Close monitoring would be carried out by the respective Bank authorities. |
