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Zarai Taraqiati Bank Limited (ZTBL) erstwhile Agricultural Development Bank of Pakistan (ADBP) is the premier financial institution geared towards the development of agriculture sector through provision of financial services and technical know how.
Zarai Taraqiati Bank Limited (ZTBL) erstwhile Agricultural Development Bank of Pakistan (ADBP) is the premier financial institution geared towards the development of agriculture sector through provision of financial services and technical know how.
In order to meet the demands/needs of farmers and agri-entrepreneurs, ZTBL strives to take initiatives in introducing innovative development/production schemes to help small farmers overcome their financial needs and earn a decent living for their families, food security issues and poverty alleviation among rural population.
Our deposit products range from Current/ Savings account, term deposits to meet your daily banking needs through our vast branch network spread across the country.
The premier financial institution geared towards the development of agriculture sector through provision of financial services and technical know-how.
Our wide Branch network of 501 Branches ( Conventional & Islamic) to meet your Banking needs within your vicinity.
Pakistan has an arid or sub-arid climate having an average rainfall of 240 millimeters (mm), mainly during the monsoon season (July-September). According to the benchmark water scarcity indicators, the assessed per-capita access to water was around 900 m3 per person in 2017. This positions Pakistan at the “high water stress” level, If the same conditions persist, the country will hit an absolute water scarcity border by 2025. Small water reservoirs can effectively play a role in boosting agricultural production coupled with solar pumping systems thereby decreasing the depletion of natural resources.
Renewable energy such as solar is a viable and alternate energy source. Solar energy, coupled with suitable pumps i.e. submersible energy pumps, could help to meet the irrigation requirements. Solar powered tubewell can be considered as a reliable source of irrigation as compared to electric or diesel operated tube well due to frequent load shedding and rising energy & diesel prices.
Due to finite supply of surface water, farmers make use of ground water to meet the irrigation demands of their crop. There are around 2.5 million farmers in the country that depends upon the supply of ground water extracted through tube wells for their crop water needs. Through connecting high efficiency irrigation systems with solar energy systems, farmers can achieve high water use efficiency, energy efficiency and most important to the farmer, cost-efficiency.
Terms & Conditions:
| Operational Jurisdiction | The scheme would be applicable across the country. However, financing may be provided on a priority basis to farmers living in underserved areas. | ||||||
| Eligibility Criteria |
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| Maximum Loan Limit | The maximum loan limit under the scheme would be up to Rs. 5.000 million per borrower/party. | ||||||
| Borrower Contribution | The amount over & above the Bank’s maximum per borrower/party exposure of Rs. 5.000 million will be invested by the borrower in the project as equity, or 10% of the project cost if the project cost is less than Rs. 5.000 million. | ||||||
| Collateral | The loan would be secured against tangible securities acceptable to the Bank. | ||||||
| Cost of Credit | As per Bank’s Rules. | ||||||
| Rate of Mark Up | Prevailing Bank’s markup rate on development loans would be applicable for the scheme. However, a 3% rebate would be allowed on timely repayment. | ||||||
| Items to be financed | Solar Tube well, Drip Irrigation System, Small Water Reservoir/Mini dam. | ||||||
| Sanction of Loan | Loans under the scheme would be sanctioned by Central Loan Sanctioning Department (CLSD) up to Rs. 2.500 million and over & above by the respective Head Office Credit Committee. | ||||||
| Disbursement
of Loan |
After execution of legal documents loan would be disbursed through supply order in favor of the firms to be approved by the Head of Planning, Research & Technology Division. | ||||||
| Repayment
Schedule |
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| Insurance | Insurance of assets to be created out of Bank loan will be arranged by the borrower. | ||||||
| Monitoring | Close monitoring would be carried out on monthly basis by the respective Zonal Chief and Credit Operations Department, ZTBL Head Office Islamabad for which they would develop formats for production of required data by Information System Division, ZTBL Head Office Islamabad. |
