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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.
The Government of Pakistan in collaboration with SBP has launched a scheme named Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB & ALS) for rural youth aged between 21-45 years to cater to their term loan and working capital financing requirements in the agriculture sector, on low mark-up rate to be subsidized by the Government of Pakistan with the objective of job creation in rural masses.
ZTBL, being participating Bank in the scheme, has developed its product, the key features of which are as under.
Terms & Conditions:
| Operational Jurisdiction | The scheme will be applicable in all ZTBL branches located across the country. |
| Eligibility Criteria |
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| Required Documents | Loan Application on PM Youth Online Portal.
Mechanism of application:
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| Maximum Loan Limit |
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| Borrower’s Contribution | 20% of the loan amount will be deposited by the borrower or will be invested toward the project. |
| Collateral | The loan would be secured against all types of tangible properties/securities acceptable to the Bank. In case of non-availability of collateral with rural youth, their parent’s/family members’ property can be accepted as security by including them as co-applicant. |
| Cost of Credit | L.A Fee @ Rs.100/- will be charged inclusive of NADRA online verification charges. |
| Rate of Mark up | 7% markup on loans will be paid by the borrowers and rest would be borne by he Government of Pakistan. |
| Sanction of Loan | Loan will be sanctioned by the Central Loan Sanctioning Department (CLSD), at Head Office upto Rs. 5.000 million. |
| Repayment Schedule |
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| Monitoring | Close monitoring of the scheme would be carried out by the respective Bank authorities, PMYP, SBP and other stakeholders. |
