A State Bank of Pakistan’s scheme at a highly concessional rate available for establishment, expansion, modernization and replacement of Steel/Metal/Concrete Silos, Warehouses and Cold Storage facilities for storing agricultural produce. Borrowers can purchase new imported & locally manufactured plant & machinery, equipments and accessories to be used in Steel/Metal/Concrete Silos, Warehouses and Cold Storages. They can also purchase new generators, but capacity of generator shall not be in excess of in-house energy requirements of the Silos/Warehouses /Cold Storages. This finance is available with tenors 1 to 7 years.
Silent Feature
- Available for establishment, expansion, modernization and replacement of Steel/Metal/Concrete Silos, Warehouses and Cold Storage facilities for storing agricultural produce
- Avail finance facility up to Rs.100 Million
- Tenor is one to seven years
- Mark-up Rate :6%(Revised by SBP from time to time)
- Fast track processing for business existing over two years
- Repayments through equal quarterly / half yearly installments.
- Mortgage of urban/commercial/industrial properties acceptable to the bank (Max. financing will be 70% of Forced Sale Value of the security & collateral}.
- Hypothecation of Plant & Machinery/stocks (with 25% margin)
- Personal Guarantees of sponsor/partner/directors.Third party Guarantee(optional).
