The Punjab Provincial Co-operative Bank Limited (PPCBL) is extending loans to small farmers up to Rs 150,000 for development of dairy products and livestock.
Farmers could obtain these loans against mortgage of land with double value of the loaning amount.
The loan will be payable in two year's period and the bank would charge 12 percent mark-up, according to an statement by the spokesman of the bank announced here on Friday.
Farmers could get these loans up to 30th April. The purpose of issuance of such loans was to encourage small farmers and to overcome the shortage of meat and milk, he added.
Comments
Comments are closed.