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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.
Tea is one of the three major non-alcoholic beverages used in the world, which was originally discovered in China. Currently tea industry has spread from China to the far corners of the world encompassing countries ranging from 30° latitude in the Southern Hemisphere (Kenya) to 45° latitude in the Northern Hemisphere (Georgia). The per capita consumption is more than 1.0 kg. Unfortunately, all tea consumed in Pakistan is imported from abroad. Tea is the third commodity after petroleum and edible oil on which our billions of expenditure has been spent annually. Moreover, in 2020, Pakistan was the leading tea-importing country in the world, with imports valued at approximately 590 million U.S. dollars.
Keeping in view all of the above facts, Bank is already providing loans to farmers to enhance the tea production of the country. Now, to make this initiative more fruitful, loaning facilities can also be provided on similar grounds for tea plantation, processing, packaging, and marketing. ZTBL will try to provide linkages to farmers for marketing of their produce either by contact with utility stores or supermarkets etc or by exploring suitable parties for buying packaged tea for further marketing.
Terms & Conditions:
| Operational Jurisdiction | The scheme would be applicable in all branches of Abbottabad & Mingora Zones. |
| Eligibility Criteria |
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| Items to be Financed | Inputs for Tea plantation (Seeds, fertilizers, etc.), Solar Dryer and Packaging Materials, etc. |
| Documents Required | CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 2 recent photographs. |
| Maximum Loan Limit | Up to Rs. 5.000 million per borrower/party. |
| Borrower’s Contribution | 10% of project cost or the amount over and above the Bank’s maximum per borrower/party exposure of up to Rs. 1.500 million will be invested by the borrower towards the project as equity. |
| Collateral | The loan would be secured against all types of securities acceptable to the Bank. In case of its non-availability, parents/family members’ 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 with a 3% rebate on timely repayment is applicable. |
| Sanction of Loan | Loans under the scheme will be sanctioned by Central Loan Sanctioning Department (CLSD) up to Rs. 2.500 million and over & above by Head Office Credit Committee. |
| Disbursement of Loan | After execution of legal documents loan would be disbursed through current account of the borrower in two phases. Sanctioned amount for tea cultivation & store room will be disbursed in first phase and loan sanctioned for solar dryer & packaging cost will be disbursed in 2nd phase after prompt checking of utilization of first loan. |
| Repayment Schedule | The loan will be recovered within 10 years in annual installments with a grace period of 4 years. |
| Monitoring | Close monitoring would be carried out by the respective Bank authorities. |
