ZTBL launches Kissan Khushhal Scheme.

ISLAMABAD -- Zarai Taraqiati Bank Ltd (ZTBL) has launched Kissan Khushhal Scheme (KKS), aimed at enabling farmers to get maximum loan benefits with minimum mark-up.

The KKS will help farmers get timely provision of agriculture credit to meet real needs of the farming community for crop input besides getting easy access towards credit with facility of one-time documentation for three years. The salient feature of the KKS is that it provides multiple operations of withdrawal and repayment facility to farmers/borrowers thus enabling them to withdraw money according to their needs and repay loan as and when finances are available with them.

'It is a marvelous scheme that provides loan and guidance simultaneously to farmers. It means that farmers can withdraw need-based amount out of the total sanctioned loan limit and the mark-up will be charged on the amount withdrawn by the farmer,' Arshad Hassan Awan, Head Credit ZTBL explained. Under the KKS, it is the discretion of a farmer to use the entire limit or in partial amounts as required to him/her and similarly repay the liability in his/her loan account as per the cash flow.'

'In simplest words it means that if ZTBL sanctions Rs700,000 to farmer and the farmer withdraws only Rs200,000 from his account, the mark-up will be charged on the utilized amount only and not on the entire sanctioned amount,' Qadeer Javed, Head Credit Policy explained.

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