|
12. Kisan Dost Agri Mall Finance Scheme
Purpose of Finance: Four renowned companies of the country such as M/S Ali Akbar Group, Millat Tractors, PSO and Engro Services have established a joint venture company in the name of the Agrimall (Pvt) Ltd to provide agro services under one roof through its Franchisees.
The farmers who will be the clients of Franchisees, will also be provided production loans through Bank’s Kissan Dost Agriculture Finance Scheme.
Terms and Conditions:
Nature of facility |
Purpose of finance |
Tenure |
Equit / Margin |
Mark up |
Demand Finance Max Limit Rs.2.5(M)
Lease Finance Max limit Rs.1.5(M)
Running finance Max limit Rs.10(M)
Guarantee Limit
Max Rs.5.0(M) |
Civil Construction
Purchase of Mach / Equipment
Stocks of fertilizer, seeds, diesel, pesticides, oil and tractor parts etc
Issuance of L/G for Credit Purchases of stocks from parent companies. |
5 Years
5 Years
1 year
Renewable
1 year
Renewable
|
25%
25%
20%
25% |
Average 6 Months KIBOR+350 bps with floor of 8% p.a.
Average 6 Months KIBOR+350bps with floor of 8.5% p.a.
Average 6 Month KIBOR+450 bps floor of 8.00% p.a.
As per Bank’s Schedule of Charges. |
13. Commercial Lease Finance Tractor Scheme
Purpose: For Purchase of Tractors to be used in Agri related activities.
Eligibility: Farmers, self-employed persons/firms/companies/institutions related directly or indirectly related with Agri Business.
Amount of Finance: The amount of finance will be 80% of purchase price of the Tractor and lessee/borrower will contribute 20% equity towards the purchase price of Tractor.
Documentation: Applications will be entertained on Agriculture Loan Application Forms. ACO and Branch Managers will conduct verifications as in vogue in other Agriculture Credit Schemes. All charge documents as per Lease Finance Tractor Scheme will be obtained along with 60 post dated cheques.
14. Demand Finance for Construction of Sheds and other Civil Works
Purpose: Demand Finance Facility for construction of Sheds and other Civil Works for Livestock Farms.
Eligibility: The applicant should be having suitable land for construction of Dairy Farms.
Amount: 70% of total cost of construction assessed by the Banks and PBA’s approved Surveyors.
Repayment: 16 equal quarterly installments (Principal and Mark-up) after first year of grace period
For further details Click here |
