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Tobacco Barn Financing Scheme

The scheme has been introduced with the objective to facilitate the tobacco growing community to get suitable price of their tobacco produce by value addition by setting-up Tobacco Barns.

Terms & Conditions

Operational Jurisdiction ZTBL Branches falling under Peshawar, Abbottabad, Mingora & Gujranwala Zones.
Eligibility The creditworthy and reputable farmers having capacity to repay are eligible to get financing under the said scheme.
Documents Required CNIC Copy, Loan Application, Agri.Pass Book/Fard Jamabandi, 2 recent photographs.
Maximum Loan Limit Rs. 1.000 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 and in case of non availability parents/family member’s property can be accepted as a co-applicant.
Cost of Credit As per Bank’s rules.
Repayment Schedule The loan will be recoverable within 5 years in half yearly installments.
Rate of Mark Up The prevailing rate of mark up on development loans with 3% rebate on timely repayment is applicable.
Monitoring The loan shall strictly be monitored by MCO/Manager of the concerned branch as per standing instructions of the Bank. Performance of the Branches/Zone in this respect will regularly be monitored by Credit Operations Department, ZTBL HO Islamabad.