Tahafuz-e-Ajnas Scheme (Product on Godown)

Small farmers do not have the economic strength to retain their produce with them till the market prices are congenial and favorable. Hence in order to promote the capacity building in the shape of storage facilities for farming community & to prevent the wastage of farm produce, the management of the Bank is pleased to introduce the titled scheme.

Terms & Conditions

Operational Jurisdiction

The scheme will be applicable through out the country where no restriction is imposed by Federal/Provincial Government.

Eligibility

The creditworthy and reputable rural populace across the country, having capacity to repay, are eligible to get financing under the said scheme. Preference will be given to new borrowers. However, old borrowers having good repayment behavior and familiar with the captioned activity will also be considered for such loan.

Documents Required

CNIC Copy, Loan Case File, Agri.Pass Book/Fard Jamabandi & 2 recent photographs.

Maximum Loan Limit

Rs.1.500 million per borrower/party.

Collateral

All tangible securities acceptable to the Bank.

Cost of Credit

As per Bank’s rule.

Repayment Schedule

Loan will be recovered within 10 years in half yearly installments commencing one year after the disbursement.

Rate of Mark Up

The prevailing rate of mark up on development loans is applicable.

Borrower’s Contribution

10% of the loan amount be kept in the Deposit Account of the borrower which will be accounted for in the last loan installment

Monitoring

The loan shall strictly be monitored on monthly basis till completion of the Godown by MCO/Manager of the concerned branch and thereafter on half yearly basis if the borrower/party fails to repay the loan in time.

Related Documents

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