Agri Mall Finance
Scheme
PURPOSE OF FINANCE:
Four renowned companies of the country such as M/S Ali Akbar Group, Millat Tractors,
PSO and Engro Services have established a joint venture company in the name of the
Agrimall (Pvt) Ltd to provide agro services under one roof through its Franchisees.
The Agrimall (Pvt) Ltd has approached our Bank to provide financial help to their
franchisees to establish and run these Agrimalls under their specialized management
through out the country.
We have launched a Kissan Dost Agrimall Finance Scheme. All facilities required
by the Franchisees of the Agrimall (Pvt) Ltd will be provided through this scheme.
The farmers who will be the clients of Franchisees, will also be provided production
loans through Bank’s Kissan Dost Agriculture Finance Scheme (For purchase of inputs).
TERMS AND CONDITIONS
|
Nature of
facility
|
Purpose of finance
|
Tenure
|
Equit/
Margin |
Mark up
|
|
Demand Finance Max Limit Rs.2.5(M)
Lease Finance Max limit Rs.1.5(M)
Running finance Max limit Rs.10(M)
Guarantee Limit
Max Rs.5.0(M)
|
Civil Construction
Purchase of Mach/Equipment
Stocks of fertilizer, seeds, pesticides, diesel, oil and
tractor parts etc
Issuance of L/G forCredit
Purchases of stocks from parent companies.
|
5 Years
5 Years
1 year
Renewable
1 year
Renewable
|
25%
25%
20%
25%
|
Average
6 Months KIBOR+350 bps with floor of 8% p.a.
Average 6 Months KIBOR+350bps with floor of 8.5% p.a.
Average 6 Month KIBOR+450 bps floor of 8.00% p.a.
As per Bank’s Schedule of Charges.
|
S E C U R I T I E S
PRIMARY
- Hypothecation of stock.
- Leased Assets (Registration of Tractors/Vehicles in the
name of Bank and Purchase receipts of other equipments/machinery in the name of
Bank).
COLLATERAL
i.
Mortgage of
Site Land Building
and Fixed Assets.
ii. Additional collateral in shape of
urban property or agri land if value
of site land is
insufficientto cover the margin.
MARGIN ON SECURITY
-
25% Margin on FSV of commercial/residential land/Agriland if assessed as per revenue
record.
-
40% Margin of Agri land if assessed by Surveyors.
-
The maximum amount of Finance will be allowed upto 75% of the Oast Bai Value of
land (Oast Bai is verified by Revenue Officer)
LOAN REPAYMENT & MARK UP SERVICING MODE:
Demand Finance:
Principal shall be repayable in five years time through 19 equal quarterly installments.
Repayment shall commence after expiry of 3 months grace period. Hence 1st installment shall be payable at the end of
six months of the disbursement.
Mark-up shall be recoverable quarterly.
Lease Finance:
60 equal monthly installments (Principal + mark-up)
starting from the following month of the date of disbursement.
Running Finance :
Principal shall be repayable in lump sum on demand
or expiry which ever comes earlier. However, mark-up shall be recoverable quarterly.