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Red Meat Financing Package for Sheep/ Goat Rearers

Pakistan’s economy is predominantly agrarian. The agriculture sector contributes significantly to the GDP. Livestock is the largest sub-sector of agriculture and accounts for 50% of value addition. 35 million rural population depends directly on this sector. Hence a special scheme has been launched to promote this sector.

Terms & Conditions:

Operational Jurisdiction Initially, the financing package was implemented in Multan, Faisalabad, D.G. Khan, D.I. Khan, Bhakkar, Shaheed Benazirabad (Nawabshah) Dadu, Sukkur, Peshawar, Lasbella, Loralai, Khuzdar Districts branches have good potential and repayment culture. The scheme will be scaled up in a phased manner.
Eligibility The intending borrowers of captioned selected areas especially engaged in the business of sheep/goat rearing.
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 10% of the loan amount will be deposited by the borrower as self-contribution.
Collateral Tangible securities/properties are acceptable to the Bank.
Cost of Credit As per Bank’s rule.
Repayment Schedule
  1. Loan for fattening purposes will be recoverable from 6-15 months.
  2. Loan for breeding/farming will be recoverable in 5 years with a grace period of one year.
Rate of Mark Up The prevailing rate of markup on development loans with a 3% rebate on timely repayment is applicable.
Monitoring Strict monitoring is exercised by ensuring checking of utilization by the MCO in 100% of cases and sample checking of utilization by the Manager, Zonal Manager (Recovery), and Internal Auditor of the Bank.

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