In Pakistan, various organizations are supporting farmers by providing interest-free loans for agriculture. These loans range from 5 lakhs to 75 lakhs, catering to the diverse needs of farmers.
The application process is simple and efficient, ensuring that farmers can access the funds swiftly, typically within a few weeks.
This financial assistance plays a crucial role in supporting farmers with the resources they need for their agricultural activities, ultimately contributing to the improvement of their livelihoods and the agricultural sector as a whole.
Interest-Free Agriculture Loan In Pakistan | Best Interest-Free Agriculture Loan In Pakistan
Table of Contents
- Interest-Free Agriculture Loan In Pakistan | Best Interest-Free Agriculture Loan In Pakistan
Interest-Free Agriculture Loan
Many Organizations and Banks that give this loan:
- Zarai Taraqiati Bank Agriculture Loan
- National Bank of Pakistan Agriculture Loan
- PM Youth Business and Agriculture Loan
- Alkhidmat Foundation Business and Agriculture Loan
- Akhuwat Foundation Agriculture Loan
Zarai Taraqiati Bank Agriculture Loan
The bank is working hard to give farmers timely credit to meet their real needs. To make it easier for farmers, a new Revolving Scheme has been introduced. The scheme’s maximum limit per party is set at Rs. 1.200 million.
This scheme lets farmers access credit easily with just one set of paperwork for three years, and they can repay the loan once a year. Farmers can take out and deposit money based on their credit needs and when they have funds available.
Loan Details:
- Where You Can Apply: Any ZTBL Branches across the country.
- Who Can Apply: This scheme is for new and existing farmers all over the country who need money for things like working on the farm and buying inputs.
- Documents You Need: Copy of your CNIC, Loan Application, Agri. Pass Book/Fard Jamabandi, and 2 recent photos.
- Credit Limit: The most a applicant or party can get is up to Rs. 1.200 million.
- How Long the Loan Lasts: The loan is approved for three years, but in the system, it’s entered for one year. The end date is based on when the money is given out, like the last working day of the previous month (e.g., 28th Feb, 31st March, 30th April, etc.).
National Bank of Pakistan Agriculture Loan
The National Bank of Pakistan extends Agriculture Loans to farmers, providing a significant opportunity for them to bolster their agricultural enterprises.
This interest-free loan initiative serves as a crucial asset for Kisans (farmers), enabling them to invest in and improve their agricultural endeavors. By doing so, it plays a pivotal role in fostering the expansion and prosperity of the agricultural sector.
Loan Amount:
The loan amount is determined by the bank, and it varies based on their policies. However, as a general estimate, many banks typically offer loans of up to 1.5 million rupees.
This amount is readily accessible, making it easier for individuals to secure financial assistance for their specific needs.
The actual loan amount may depend on factors such as creditworthiness, the purpose of the loan, and the borrower’s financial history, as determined by the lending institution.
PM Youth Business and Agriculture Loan
The PM Youth Business and Agriculture Loan initiative aims to promote youth entrepreneurship in Pakistan. Through partnerships with 15 Commercial, Islamic, and SME banks, the program facilitates easy access to business loans with low-interest rates.
It welcomes applications from all Pakistani citizens aged 21 to 45, provided they demonstrate entrepreneurial potential.
The objective is to empower and assist the younger generation in pursuing their business goals, fostering economic growth and innovation throughout the country.
Loan Amount:
The loan program is structured into three tiers, each featuring different loan amounts and corresponding markup rates:
In the first tier, applicants can request loans up to 0.5 million PKR without incurring any additional markup, resulting in a 0% interest rate.
Moving to the second tier, the loan range expands from above 0.5 million up to 1.5 million PKR, with a 5% markup applied to the loan amount.
For those in need of higher financial support, the third tier encompasses loan amounts ranging from above 1.5 million up to 7.5 million PKR, with a 7% markup.
Tier 1:
- Loan Range: Up to 0.5 million PKR
- Markup Rate: 0%
Tier 2:
- Loan Range: Above 0.5 million up to 1.5 million PKR
- Markup Rate: 5%
Tier 3:
- Loan Range: Above 1.5 million up to 7.5 million PKR
- Markup Rate: 7%
Alkhidmat Foundation Business and Agriculture Loan
Alkhidmat’s Mawakhat Program offers personalized Small Business Loans, making it possible for individuals to bring their business aspirations to life.
With the support of Alkhidmat, you can attain financial freedom and self-sufficiency, transforming your innovative ideas into prosperous businesses. Embark on a journey to enhance your enterprise, and let Alkhidmat guide you in creating successful ventures.
The Mawakhat or Microfinance Program by Alkhidmat is empowering numerous individuals, including men, women, and resilient widows, to establish respectable startups such as cooking, embroidery, tailoring, beauty parlors, grocery stores, three-wheelers, and stationary shops.
Loan Amount
Alkhidmat’s Mawakhat Program offers personalized Small Business Loans offering is an interest-free Small Business Loan, providing PKR 100,000 for a duration of 02 months.
Akhuwat Foundation Agriculture Loan
The Akhuwat Foundation has been chosen as a participating financial institution to administer a program focused on supporting small-scale farmers and tenants with land holdings of up to 2.5 acres in specific districts of Punjab.
This initiative not only presents a significant opportunity for these farmers but also extends support through the provision of small business loans.
Loan Amount
This specific loan covers an amount between 10,000 to 50,000 rupees, and what sets it apart is its entirely interest-free nature. The added convenience lies in the repayment period, which spans from 4 to 8 months.
FAQs | Interest-Free Agriculture Loan In Pakistan
What is the interest-free agricultural loan program and who provides it?
The interest-free agricultural loan program is a financial initiative designed to support farmers without charging any interest. Various organizations, including banks and government agencies, may provide these loans.
What is the typical loan range for interest-free agricultural loans?
The loan amounts can vary, but they typically range from 5 lakhs to 75 lakhs, providing flexibility to cater to different agricultural needs.
Write Top 5 Organization that give interest-free agricultural loan?
Top 5 Organization that give interest-free agricultural loan are:
Zarai Taraqiati Bank Agriculture Loan
National Bank of Pakistan Agriculture Loan
PM Youth Business and Agriculture Loan
Alkhidmat Foundation Business and Agriculture Loan
Akhuwat Foundation Agriculture Loan
Are these interest-free agricultural loans available throughout the country, or is there a specific operational jurisdiction?
The availability of interest-free agricultural loans can depend on the organization or program. Some may be accessible nationwide, while others may have specific operational jurisdictions.
What documents are typically required when applying for an interest-free agricultural loan?
Commonly required documents include a copy of the farmer’s national identification card (CNIC), loan application, agricultural passbook or Fard Jamabandi, and recent photographs.
Are interest-free agricultural loans only available to large-scale farmers, or can small-scale farmers also apply?
Interest-free agricultural loans are designed to cater to the needs of farmers of all scales. Both large-scale and small-scale farmers may qualify, promoting inclusivity in accessing financial support for agricultural ventures.
What is the Zarai Taraqiati Bank, and what does it offer in terms of agricultural loans?
Zarai Taraqiati Bank is a financial institution in Pakistan that specializes in agricultural loans, providing financial support to farmers for their farming needs.
What is the range of agricultural loans offered by Zarai Taraqiati Bank?
Zarai Taraqiati Bank (ZTBL) plays a vital role in supporting farmers with their agricultural needs. The scheme’s maximum limit per party is set at Rs. 1.200 million.
What is National Bank Agricultural Loan Program?
The National Bank of Pakistan extends Agriculture Loans to farmers, providing a significant opportunity for them to bolster their agricultural enterprises.
This interest-free loan initiative serves as a crucial asset for Kisans (farmers), enabling them to invest in and improve their agricultural endeavors.
What is Loan amount offer National Bank Agricultural Loan Program?
The loan amount is determined by the bank, and it varies based on their policies. However, as a general estimate, many banks typically offer loans of up to 1.5 million rupees.
What is the PM Youth Business and Agriculture Loan Program?
The PM Youth Business and Agriculture Loan initiative aims to promote youth entrepreneurship in Pakistan. Through partnerships with 15 Commercial, Islamic, and SME banks, the program facilitates easy access to business loans with low-interest rates.
It welcomes applications from all Pakistani citizens aged 21 to 45, provided they demonstrate entrepreneurial potential.
What Loan Amount offeres by PM Youth Business and Agriculture Loan Program?
In the first tier, applicants can request loans up to 0.5 million PKR without incurring any additional markup, resulting in a 0% interest rate.
Moving to the second tier, the loan range expands from above 0.5 million up to 1.5 million PKR, with a 5% markup applied to the loan amount.
For those in need of higher financial support, the third tier encompasses loan amounts ranging from above 1.5 million up to 7.5 million PKR, with a 7% markup.
What is the Alkhidmat Foundation Agriculture Loan Program?
Alkhidmat’s Mawakhat Program offers personalized Small Business Loans, making it possible for individuals to bring their business aspirations to life.
With the support of Alkhidmat, you can attain financial freedom and self-sufficiency, transforming your innovative ideas into prosperous businesses. Embark on a journey to enhance your enterprise, and let Alkhidmat guide you in creating successful ventures.
What is Loan amount offer by Alkhidmat Foundation Agriculture Loan Program?
Alkhidmat’s Mawakhat Program offers personalized Small Business Loans offering is an interest-free Small Business Loan, providing PKR 100,000 for a duration of 02 months.
What is the Akhuwat Foundation Agriculture Loan Program?
The Akhuwat Foundation has been chosen as a participating financial institution to administer a program focused on supporting small-scale farmers and tenants with land holdings of up to 2.5 acres in specific districts of Punjab.
What is Loan amount offer by Akhuwat Foundation Agriculture Loan Program?
This specific loan covers an amount between 10,000 to 50,000 rupees, and what sets it apart is its entirely interest-free nature. The added convenience lies in the repayment period, which spans from 4 to 8 months.
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