Askari Bank has launched this program with the sole
motive to provide dignity, prosperity and freedom to
the tiller of the land. The program is designed to help
small, medium and large farmers in meeting their short-term
input requirements against one time sanction and automatically
renewable upto 3 years subject to its stipulated utilization/periodical
adjustment. The credit line is sanctioned in the light
of available cash flows and input requirements i.e.
Seeds, Fertilizer & Pesticides etc.
Salient Features of the Program are given
as:
Farmer open a profit earning "Askari Ever Green Account"
with the branch. A special cheque book is issued to the
farmer.
Revolving credit limit as "Ever Green Agri Finance"
is available to the farmer against security i.e mortgaged
charge on agri land through Zari Pass Book.
Hassle free, automatic renewal upon adjustment of entire
principal amount with mark-up once in a year.
The account is farmer friendly which benefits the farmers
both ways. If the account is in credit, it earns profit,
otherwise it provides instant finance, to the farmer for
his agriculture needs.
The mark-up is charged for the actual days the finance
is utilized.
Profit on credit balances will be paid on half yearly
basis as declared by the bank on PLS savings accounts.
