Loans against Pledge of Gold/Gold
Ornaments for Agriculture Purposes (Short Term)
On the directions of SBP, the Bank is providing
micro-financing facility against pledge of Gold / Gold
Ornaments preferably for agricultural purposes to
non-members individuals on easy terms. The salient
features are: -
Loaning facility provided for agricultural/personal
needs/ purposes to any Individual against pledge of
Gold/Gold Ornaments upto 60% of the value
duly assessed by the registered Shroof/Goldsmith.
Period of advance is upto 6 months at mark-up
rate of 16%. Mark-up payable at the end of
each half year.
Branch Manager has a sanctioning power upto
Rs.50,000/-, District Manager upto Rs.1,00,000/-
lacs, Zonal Chief upto Rs.,150,000/- lac,.
