Eligibility of Sectors:
- Edible Oil
- Cotton Ginning
- Rice Husking
- Trading
Broad Features of the Scheme:
|
Product
|
Tenor
|
Collateral
|
|
Term Loan
|
One Year (1) to
Three (3) Years
|
– Land / Property and/or Cash / Near Cash
– Personal Guarantee of the Borrower / Owner of the property
|
|
Running Finance
|
One Year
|
– Land / Property and/or Cash / Near Cash
– Personal Guarantee of the Borrower / Owner of the property
|
|
Cash Finance
|
One Year
|
– Pledge of Oil Seed, Rice & Cotton
– Personal Guarantee of the Borrower / Owner of the property
|
Eligibility of Borrowers:
The borrowers under the scheme will be Small Enterprises and Farmers of Pakistan.
The Selection Criteria for Eligible Borrowers:
- Business located in Rural areas of Pakistan
- Regular and estimable positive cash flows
- Should have clean e-CIB record
- Fresh borrower
- Collateral-deficient borrower
- Be in conformity with the PRs for SMEs/Agriculture Financing
- In line with the Credit Policy of Banks.
Loan Limit:
Maximum Rs.25.0 (twenty five) million for Small Enterprises and Rs 2.0 (two) million for farmers with
economic landholding.
Documents Required:
- Loan Application Form
- Basic Borrower Fact Sheet for Small Enterprises (SE / Agri)
- Detailed profile of the Business
- Profile of the Sole Proprietor / Partners / Directors
- Projected Financials (Cash flows, Balance Sheet, Income Statement) equal to tenor of loan
- Exiting Financials for last 3 years (Cash flows, Balance Sheet, Income Statement) (in case of
existing business) - Details of the Collateral / Property
- Valuation Report (from PBA approved valuator) of the Property
- CNIC of the Applicant
- One passport size photograph of the applicant