Agriculture Credit means any facility (Fund based and Non fund based) allowed to any person, firm or company for agricultural production / development / grading / polishing and storage of agricultural produce etc. It includes such lending for Forestry, Horticulture, Fish farming, Dairy farming, Poultry farming, lending to agriculture value chain, export of agricultural goods or for any other purpose declared eligible by State Bank of Pakistan.
The product is designed to facilitate farming community in obtaining agricultural production loans to meet working capital needs of agriculture farming. Production loan means amount disbursed for the purpose of sowing, producing, growing, harvesting and marketing of crops, vegetables, fruits, etc. and may include the cost of input/charges to be incurred on the acquisition of the material and services. The limit would be extended on revolving basis automatically renewed each year after fulfilling clean up conditions as defined by SBP.
Salient Features
- Credit availability on Revolving basis.
- One time documentation for three years.
- Option to use limit as per requirement of the farmer.
- Withdrawal and deposits at any time.
- Markup will be charged on amount utilized / withdrawn (outstanding debit balance).
- A land lady can also avail the facility by applying for loan with her husband or blood relation i.e. brother or father as co-applicant
| Financing Period & Repayment Mode | ||||
| Purpose | Extent of Limit | Tenure | Markup Repayment Frequency | Clean up |
| To meet Working Capital requirements of farm | As per indicative rates | Three years | Half Yearly (April 30 & October 31) | Annual |
The Tractor Scheme is designed to facilitate small farmers of the country to obtain loans for procurement of tractor to develop and cultivate the farm land. The Scheme primarily would cater to the requirements of the farmers and provide financing for tractor for development of land to eligible farmers who would want to avail the loan.
The product is allowed for a period up to 5 years according to the specific purposes and useful life of the asset. The repayment period should not exceed useful life of asset. The repayment period should not exceed useful life of Asset financed. The repayment frequency of finance is based on the repaying capacity of the borrower / business cycle.
| Financing Period & Repayment Mode | |||
| Purpose | Extent of Limit | Tenure | Installment Frequency |
| For purchase of Tractor | Upto 75% of Actual Price | Up to 5 years | Half Yearly |
The product is designed to support dairy farmers meeting working capital needs of the business, Credit under this category will be offered / extended to dairy farms / farmers for three years on revolving basis to meet working capital requirements of the business.
Purpose
- Purchase of fodder and feeds such as concentrate like cotton seed, cotton seed cake, etc. for dairy animals.
- Vaccinations, vitamins and other medications for animals including artificial insemination.
- Overhead expenses i.e. labor, fuel, electricity etc.
- Other additional expenditure, distribution cost, transportation charges on farm milk processing, pasteurization and standardization.
Salient Features
- Credit availability on Revolving basis
- One time documentation for three years.
- Option to use limit as per requirement of the farmer.
- Withdrawal and deposits at any time.
- Markup will be charged on amount utilized / withdrawn (outstanding debit balance).
| Financing Period & Repayment Mode | |||||
| Purpose | Extent of Limit | Maximum Credit Amount | Tenure | Markup Repayment Frequency | Clean up |
| To meet Working Capital requirements of Dairy Farm | Maximum Rs. 36,000 per cattle | PKR 10 Million per borrower(s) | Three years | Monthly/ Quarterly | Annual |
This is the term finance facility which will be extended to dairy farms / farmers for purchase of asset and construction of animal sheds, fencing and enclosures at business place etc. the facility will be repayable in installments. The Bank will allow financing for following purposes where a customer can avail credit for more than one purpose.
Purpose
- Purchase of mature milk yielding buffaloes/cows.
- Purchase of young animals for rearing for dairy farming.
- Milk storage chilling tanks, refrigeration plants and milk carrying containers.
- Purchase of feed grinders, tokas, feed mixing machines and feed/milk
containers - Utensils for animal feeding, calf feeders, bangles, Rope/ etc Iron chains.
- Construction of permanent sheds, water tanks, fencing and enclosures.
- Procurement of water pumps, tube-wells and generators.
- Any other item required for development of the farm.
| Financing Period & Repayment Mode | ||||
| Purpose | Extent of Limit | Maximum Credit Amount | Tenure | Installment Repayment Frequency |
| Asset Purchase and Fixed investment on Dairy Farm | As per requirement of the customer | Rs. 10 Million per borrower(s) | 1- 5 years | Monthly / Quarterly |
The product is designed to support poultry farmers requiring working capital for the business. Financing under this product will be extended to running poultry farms / hatcheries / feed mills on revolving basis, for three years, to meet working capital requirements of the business. The facility is designed to provide financing on easy terms with minimum documentation.
Purpose
- Purchase of eggs, birds / day old chicks.
- Purchase of feed and feed raw material, etc.
- Vaccination, vitamin and other medication for poultry birds, saw dust, wood, coal, medicines, water filter cartages.
- Overhead expenses i.e. labor, utility bills, cost of fuel for generators & vehicles, transportation etc.
- Any other item required to meet day to day expenses for running business.
Salient Features
- Credit availability on revolving basis
- One time documentation for three years.
- Option to use limit as per requirement of the farmer
- Withdrawal and deposits at any time
- Markup will be charged on amount utilized / withdrawn (outstanding debit balance)
| Financing Period & Repayment Mode | ||||
| Purpose | Maximum Loan Amount | Tenure | Markup Repayment Frequency | Clean up |
| To meet Working Capital requirements of Poultry Farm | PKR 10 Million per borrower(s) | Three years | Quarterly | Annual |