In order to reduce the poverty in Gilgit-Baltistan area and also enhance business activities for the populace, the following special products/schemes have been launched. Salient features of the schemes are given here under:- .
i)Trout Fish Farming
Keeping in view scarcity of productive land in Gilgit-Baltistan, the existing requirement of land for fish pond has been relaxed as 01 Kanal to 08 Kanals. The maximum loan limit is Rs, 1.000 million per borrower/party.
Animal reared for both meat & milk purposes having ample demand in the local market. Credit ceiling for 1 she yak has been fixed as Rs 50000/- & loan ceiling is maximum upto 5 animals.
iii)Seabuckthorn cultivation :
From Sea Buckthorn seeds items like oil, jam & jelly are produced. It is grown on small scale but has potential in the area with scope for foreign exchange earning Credit limit has been fixed as Rs 52,000/- per acre.
iv)Hybrid Poplar :
Credit limit has been fixed as Rs 15000/- per acre.
Common features of all the schemes
Eligibility Criteria & Selection of Borrowers :
ORR shall be applicable as per existing policy of the Bank.
Defaulters of production/development loan(s) of ZTBL or of any other bank(s) are debarred to avail loan under this scheme.
eCIB will be obtained as per standing instructions of the Bank.
Under the scheme the Bank MCO selects the Borrowers keeping in view the criteria fixed for the said scheme
FED & other applicable taxes as per standing instructions of the Bank
Trout fish farming & sea buckthorn loans are recoverable within 5 years in equal yearly installments commencing after 2 years of 1 st disbursement. Yak farming loans are recoverable within 5 years in half yearly installments with one year grace period. Hybrid poplar loans are recoverable within 5 years in equal half yearly/yearly installments commencing after 3 years of 1 st disbursement.