First Kissan Sarmaya

Agriculture Finance up to Pkr 150,000

First Kissan Sarmaya provides short term financial facilities to small subsistence-level farmers, cultivating crops, orchards, nurseries and vegetables on their own landholdings or under leased (Mokada) or sharing (Harpo) systems. The product focuses on providing financial facility to match cash flow patterns of the farmer i.e. providing cash at the time of sowing of crops and repayment of loan after the sale of agriculture output. Financing is available for purchase of agri inputs and small farming implements/machinery.

Eligibility Criteria
  • Annual income (net of business expenses) not exceeding PKR 500,000
  • Valid CNIC
  • Age between 18-64 years
  • Farming experience of at least one year for individual loans (for clients who have a credit history) and group loans, and two years for individual loans (for clients who do not have a credit history)
Type of Credit
  • Short and Medium Term Finance
Purpose of Credit
  • Purchase of agriculture inputs e.g. seeds, fertilizers, pesticides, etc.
  • Payment of other farming expenses e.g. tube-well expenses, tractor rent, harvesting expenses, thrasher machine rent expenses, harvesting/sowing, labor cost, etc.
  • Purchase of agri implements and small machinery
Lending Methodology
  • Solidarity Group and Individual Loans
Loan Amount
  • Minimum: Pkr 25,000
  • Maximum: Pkr 150,000
Loan Tenor
  • Up to 18 months
Loan Repayment
  • Equal Monthly Installments
  • Bullet Installment
Collateral
  • Group Guarantee
  • Personal Guarantee
  • 3rd Party Personal Guarantee
  • Gold, Gold Ornaments
  • Cash Near Cash – Against Deposit, National Saving Certificate
  • Agriculture Passbook
Other Benefits
  • Credit Linked Life Insurance
  • Crop Insurance under SBP Loan Insurance Scheme (CLIS)
  • CGSMF Guarantee of SBP (for maximum loan amounts up to Pkr 100,000)

Other Terms & Conditions Apply