Agricultural loan

Loans offered to small cultivators through Community Organizations. These loans amount up to PKR 80,000 on group guarantees. They are dependent upon harvest seasons.

Purpose of loan

Agricultural loans may be taken for the following purposes but are not limited to these:

  • Payment for land lease
  • Land leveling
  • Land preparation for cultivation
  • Purchase of diesel fuel
  • Procurement of seeds, fertilizers, pesticides or tube well water
  • Installation of tube wells and turbines
  • Any other activity related to agriculture production
Loan eligibility
  • Upper age of client is limited to 59 years (60 years at the time of maturity).
  • Client should have a valid CNIC.
  • Resident of same district.
Loan durationAs per crop pattern
Repayment optionLump sum on crop harvest
CollateralGroup guarantee
DisbursementTo individual
Interest rate28% annually of declining trend
Fee and chargesAs per SOC

 

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