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. |
Urdu (Tobacco Barn Financing Scheme)
