Agriculture Loan Scheme is one and only scheme that offer
interest free loans for farmers in Kasur. We are currently accepting
application only from the farmers residing and doing business in Kasur
district. The scheme may be extended to other cities of Punjab afterwards.
TFA is committed to bring prosperity and happiness for the
people of every trade of life. We are especially concerned with needy and the
deserving communities. As farmers with small scale agriculture and those who
have less cultivable lands are the main beneficiaries of “Agriculture Loan
Scheme”, we have currently set strict eligibility criteria to ensure our loans
reaches to the right individuals. Here are the details for Agriculture Loan
Scheme for farmers.
This schemes is for the persons who want to raise
- Cattle
- Crops
through this loan.
Please note that this loan is actually the investment by our
clients. They will be seeking their profit. We are not providing the loans from
our own resources- we are just linking the investors with business owners. So
as you are free to borrow, you have to pay the investors their profit.
For example you are a farmer and you need 50,000 Rs for your
new crop. You can get the funds from us and invest them in your new crop. When
you harvest or sell the crop, you will return to us the share of profit as
well. Suppose you invest 50,000 in your new crop in total and your crops is sold
for 120,000 rupees, you will pay 60,000 Rs to us as half of the earned income.
If the all the cash investment is made through this loan, the half of the
earned money is payable to the investors.
Another example is you want to buy a cattle like cow, buffalo or goats with this money. You will raise that cattle for minimum 2 years and than you will sell. The 70% of the invested amount will be deducted and the rest will be equally divided between you and our client who had invested the money.
Eligibility criteria:
Any farmer who
- Is the legal owner of the cultivable land equal to or less than 5 Acres
- Is resident of District Kasur Punjab Pakistan
- Has good personal character and reputation
- Is experienced cattle raiser
is eligible for this loan.
Loan amount
The loan amount will range from 10 thousand to 50 thousand rupees
according to the
- demand of the applicant
- the recommendation of evaluation team
- capacity of the applicant
- previous records of the applicant (if has previously returned a loan taken under this scheme)
How the receiver of loan will return the loan.
The loan is returned as profit share earned through
investment in crops.
Standard penalty for the late payment of profit is 5 % of
the amount to be paid. (to get one month extension in installment date)
Terms and Conditions
As we do not
engage our beneficiaries in complicated process and various unnecessary
requirements, We do have strict parameters to ensure 100% timely recovery of
lent amount. We impose the following terms and conditions for farmer beneficiaries
who take loans under this scheme.
- Borrower is required to fill in loan taking form and undertake all terms and conditions mentioned in it.
- The borrower is required to bring at least one guarantor with him/her on the day of disbursement.
- If the borrower is unable to pay the loan back according to the set schedule, he/she becomes ineligible for this scheme in future.
- Borrower permits out team to visit his/her house/farm etc for evaluation and recovery of installment.
- The borrower agree to other terms and conditions made in personal for special cases.
Are you
eligible for this scheme?
Apply for the Loan
