Livestock Micro-Financing for Purchase of Meat & Milk Cattle and Goat & Sheep (Short Term)

On the directives of SBP, the Bank has recently started the subjected scheme for supplementing the income of the poor farmers of affiliated cooperative societies and in their individual capacity.

The salient features are:

  Individuals

• The net maximum amount of finance: Meat & Milch Cattle Rs.150,000/- per borrower and Goat & Sheep Rs.100,000/- per borrower.
  
  

• Margin money 10% of the purchase price of cattle.
  




• Period of finance: Meat & Milch Cattle two years and Goat & Sheep 10 months.
  
  

• Mark-up rate: 12% p.a.
  
  

• Repayment in half yearly or quarterly or monthly equal installments as per choice of borrower.




• The security double the value of net finance either in the shape of agricultural land through Agricultural Pass Book System or Urban property through registered mortgage. However, the borrowers of rural areas must be the owner of 1 acre agricultural land.

   Societies (Revolving Credit)

• The net maximum amount of finance Rs.4,00,000/- per society and Rs.1,00,000/- per borrower.
  
  

• Margin money 10% of the purchase price of cattle.
  




• Period of finance three years @ mark-up of 12% p.a.
  
  

• One time documentation for three years.
  
  

• The society/beneficiary entitled for any number of withdrawals and repayments (multiple operation), within the limit during three years with annual clean up from the date of first withdrawal, on a date mutually settled.

On the directives of SBP, the Bank has recently started the subjected scheme for supplementing the income of the poor farmers of affiliated cooperative societies and in their individual capacity. The salient features are: -

   Individuals

• The net maximum amount of finance: Meat & Milch Cattle Rs.150,000/- per borrower and Goat & Sheep Rs.100,000/- per borrower.

• Margin money 10% of the purchase price of cattle.

• Period of finance: Meat & Milch Cattle two years and Goat & Sheep 10 months.

• Mark-up rate: 13% p.a.

• Repayment in half yearly or quarterly or monthly equal installments as per choice of borrower In case of  Meat & Milch Cattle.

• The security double the value of net finance either in the shape of agricultural land through Agricultural Pass Book System or Urban property through registered mortgage. However, the borrowers of rural areas must be the owner of 1 acre agricultural land. 4 Kanals in case of Goat & Sheep

• Case processing fee Rs.1,000/-.

   Societies (Revolving Credit)

• The net maximum amount of finance Rs.8,00,000/- per society and Rs.1,00,000/- per borrower.

• Margin money 10% of the purchase price of cattle.

• Period of finance three years @ mark-up of 13% p.a.

• One time documentation for three years.

• The society/beneficiary entitled for any number of withdrawals and repayments (multiple operation), within the limit during three years with annual clean up from the date of first withdrawal, on a date mutually settled.

• The security double the value of net finance either in the shape of agricultural land through Agricultural Pass Book System or Urban property through registered mortgage 1 acre Per borrower.