Pakistan’s economy is predominantly agrarian. The agricultural sector contributes significantly to GDP. Livestock, which is the largest subsector of agriculture, represents 50% of the added value. Directly on this sector, 35 million rural population depends. Therefore, a special plan has been put in place to promote this sector.
Red Meat Financing Package for Sheep/ Goat Rearers Terms & Conditions
1. Eligibility: Potential borrowers from selected areas captioned especially dedicated to the sheep / goat farming business.
2. Required documents: Copy of the CNIC, Loan File, Agri.Pass / Fard Jamabandi Book, 2 recent photographs.
3. Maximum loan limit: Rs 1,500 crore per borrower / party.
4. Borrower contribution: The borrower will deposit 10% of the loan amount as their own contribution.
5. Collateral: Securities / tangible properties acceptable to the Bank.
6. Cost of credit: According to the bank’s rule.
7. Refund schedule:
a. The fattening loan will be recoverable in 6 to 15 months.
b. The ranching / agriculture loan will be recoverable in 5 years with a grace period of one year.
8. Markup Rate: The markup rate in effect on development loans applies.
9. Monitoring: Strict monitoring is exercised ensuring the verification of the use by the MCO in 100% of the cases and the verification of the use by Internal Auditor of the Bank, the Manager, Zonal Manager (Recovery).
How to Apply For ZTBL Red Meat Financing Package for Sheep/ Goat Rearers
Click to explore the ZTBL branches to apply for the loan and further information: https://www.ztbl.com.pk/contact/branches/
ZTBL Contact Information
Islamabad, Pakistan
UAN No. 111-30-30-30
Phone No. +92-51-9252805
Email: contactus@ztbl.com.pk