Raw Sugar (jaggery/shakkar) is a healthier and better alternative of white sugar. According to the researches carried out in the world, white sugar is damaging human health and labelled as “white poison”. ZTBL is already providing loaning facilities to farmers under Soghat-e-Shireen Scheme for “Gur Making”. Loaning facilities can also be provided on similar grounds for raw sugar making as well. ZTBL will try to provide linkages to farmers for marketing of their produce either by contact with utility stores or super markets etc. or by exploring suitable parties for buying of raw sugar for further marketing.
Terms & Conditions
The scheme would be run as Pilot project in ZTBL Mardan Branch (Peshawar Zone only.
i) All credit worthy farmers of above area are eligible to get financing under the scheme. Scheme will be effective in such sugarcane growing areas only where no restriction has been imposed by Federal or any Provincial Government on set up of such project.
|Items to be Financed||
Cane Crusher, Shakkar Grinder/Powder Making Machine, Boiling Plates, Juice Storage Box, Generator and Packaging Material etc.
CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 2 recent photographs
|Maximum Loan Limit||
Upto Rs. 1.500 million per borrower/party.
10% of project cost or the amount over and above the Bank’s maximum per borrower/party exposure of upto Rs. 1.500 million will be invested by the borrower towards the project as equity.
The loan would be secured against all types of securities acceptable to the Bank. In case of its non-availability, parents/family member’s security can be accepted as a co-applicant.
|Cost of Credit||
As per Bank’s Rules.
|Rate of Mark Up||
The prevailing rate of mark up on development loans based on low-cost financing is applicable.
|Sanction of Loan||
Loan under the scheme will be sanctioned by Central Loans Sanctioning Department (CLSD) upto Rs.1.500 million per borrower/party with maximum turn around time of 3 days.
Loan will be recovered within 05 years in half yearly installments with grace period of 6 months.
Close monitoring would be carried out by the respective Bank authorities.
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