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Rural Development Scheme for AJ & K

To provide credit assistance for the establishment of around 300 dairy units in the rural areas of Azad Jammu & Kashmir (AJ&K), ZTBL has introduced the captioned scheme for small farmers of AJ&K Mark-up on loan given by the Bank to borrowers will be borne by Livestock and Dairy Development Department, AJ&K.

The key objective of the scheme/Project is to enhance the productivity of existing livestock resources in the private sector as well as the development of new technology and improvement of livestock infrastructure in AJ&K.

Terms & Conditions:


Operational Jurisdiction The scheme will be operative in the entire area of Azad Jammu & Kashmir through the network of ZTBL Muzaffarabad Zone and the Livestock & Dairy Development Department, AJ&K.
Eligibility Criteria Borrowers recommended by Livestock & Dairy Development Department; AJ&K would be eligible for availing loan facility under the scheme.
Documents Required CNIC Copy, Loan Case File, Agri. Pass Book/Fard Jamabandi & 2 recent photographs.
Maximum Loan Limit Maximum Loan up to Rs.10,00,000/ for 5 milch animals @ Rs.200,000/ per milch animal would be provided by the Bank to the borrowers registered with the Department.
Collateral The borrowers will provide security/collateral for the loan as per Bank’s policy.
Tenure The scheme will remain applicable/effective for 5 years (60 months) from the date of agreement to the completion of the scheme/project and will be extended with mutual consent.
Cost of Credit As per Bank’s Rules.
Sanction of Loan The loan would be sanctioned by the Branch Manager/Chief Manager up to Rs.1.000 million under this specific scheme.
Repayment Schedule The loan will be recovered within 05 years in quarterly installments commencing six months after 1st disbursement of the loan.
Rate of Mark Up

Mark-up of loans under the scheme will be charged by ZTBL @ 16.80% p.a. payable by Livestock and Dairy Development Department, Azad Govt. of AJ&K, in case of a delayed payment of the principal amount by the borrower, the borrower himself/herself will be responsible to pay the additional amount of the mark-up for delayed period and any charges levied by the Bank.
Insurance All animals reared in dairy units will be insured. Insurance cost/premium will be paid by the Bank under its Dairy/Livestock Insurance Scheme.
Monitoring The said project/scheme will jointly be monitored by the Bank and Livestock and Dairy Development Department, AJ&K.

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