- In order to modernize the dairy farming for increasing milk supply and mitigate poverty in the country and improving the living standards of the rural inhabitants, a strategic partnership between ZTBL and M/s. Pakistan Dairy Development Company has been agreed upon and an agreement in this regard has been signed on 6th June, 2007. The salient features of this strategic partnership is given here as under:
i. The company shall recommend good dairy farmer to ZTBL and send the loan request to the bank alongwith necessary documents.
ii. The concerned branch of the bank will process the case as per prescribed procedure of the bank.
iii. The modernization of dairy farm will be carried out through financing milk cooling tank, generator, voltage stabilizer, hot water gezer, water pump, cooling pad and other dairy equipment. The loan will be considered against securities acceptable to the bank excluding surety, hypothecation of animal and assets created out of bank's loan.
iv. There would be maximum limit of loan of Rs. i million per borrower/party
- Initially the scheme will be for modernization of 5,000 farm during 5 years period which involved Rs.700 million, 1000 farm would be covered under the scheme on yearly basis. The project shall be started on pilot basis in potential area namely Lahore, Hyderabad, Quetta and Peshawar zones and its expansion would be made gradually.
- PDDC would bear the entire amount of mark-up charged in the loan cases . provided the 50% of principal part of loan is repaid in time by the borrower. The remaining 50% amount of principal alongwith the amount of mark-up would be paid by PDDC.
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