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Kissan Rozgar Scheme (KRS)

Gilgit-Baltistan has been blessed with world top class delicious fruits like Cherry, Apricot, Apple, Pear, Almond, etc. However, due to their geographical locality and perishability in nature, their shelf life is minimal and most of the fruits are marketed after the dehydration process. Every year millions of tourists from around the globe & domestic vicinities of Pakistan visit Gilgit-Baltistan and if farmers are encouraged to establish their own fresh/dry fruit shops in every nook & corner of the villages of Gilgit-Baltistan, this will lead to an increase in their agriculture income.

Keeping given the above, the subject scheme has been introduced by the Bank.

Terms & Conditions:

Operational Jurisdiction The scheme will be applicable in all branches falling under ZTBL Gilgit-Baltistan Zone.
 Eligibility Criteria
  1.  Individuals should be residents of Gilgit-Baltistan and have appropriate self-owned & self-possessed agri. land to cover the feasibility of the subject project.
  2. Individuals should be within the age limit of 18-60 years.
  3.  A valid copy of CNIC.
  4.  Clear e-CIB report from SBP.
  5.   Obligors Risk Rating (ORR) up to 4.
Maximum Loan Limit The maximum loan limit under the scheme would be up to Rs. 2.500 million per borrower/party.
Borrower’s Contribution 10% of the loan amount will be deposited by the borrower as self-contribution or invested towards the project.
Collateral The loan would be secured against all types of tangible securities acceptable to the Bank. In case of its non-availability, the parent’s/family member’s security can be accepted as a co-applicant.
Cost of Credit As per Bank’s Rules.
Rate of Mark Up The prevailing rate of markup on development loans would be applicable. However, a 3% rebate would be allowed on timely repayment.
Sanction of Loan Loans under the scheme would be sanctioned by Central Loans Sanctioning Department (CLSD).
Disbursement of Loan After execution of legal documents loan would be disbursed through the deposit account of the borrower.
Repayment Schedule Loan would be recovered within 5 years in half yearly installments with grace period of six (06) months.
Monitoring Close monitoring would be carried out by the respective MCO & Branch Manager.