Small farmers do not have the economic strength to retain their produce with them till the market prices are congenial and favorable. Hence in order to promote the capacity building in the shape of storage & packaging facilities for farming community & to prevent the wastage of farm produce, the management of the Bank is pleased to introduce the titled scheme.
Terms & Conditions
The scheme will be applicable throughout the country where no restriction is imposed by Federal/Provincial Government.
CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 2 recent photographs
|Maximum Loan Limit||
Rs.5.000 million per borrower/party.
All tangible securities acceptable to the Bank.
|Cost of Credit||
As per Bank’s rule.
Loan will be recovered within 10 years in half yearly installments commencing one year after the disbursement.
|Rate of Mark Up||
The prevailing rate of mark up on development loans with 3% rebate on timely repayment of loan is applicable.
10% of the loan amount will be deposited by the borrower as self-contribution.
|Sanction of Loan||
Loan under the scheme will be sanctioned by Central Loan Sanctioning Department (CLSD) upto Rs. 2.500 million and over & above by Head Office Credit Committee.
The loan shall strictly be monitored on monthly basis till completion of the Godown by MCO/Manager of the concerned branch and thereafter on half yearly basis if the borrower/party fails to repay the loan in time.