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Al Baraka Bank Tractor Scheme 2018 is now open. Applicants who want to get tractor under this scheme on easy installments can apply. Before applying for this scheme, must check Al Baraka Bank Tractor Scheme 2018 Application Form Eligibility Documents Required from this page. Al Baraka Bank is a private bank which is working under the Islamic banking rules in Pakistan. This bank has realized that the agricultural sector of Pakistan is contributing in GDP. The bank has joined hands with Al Ghazi Tractors to promote State Bank of Pakistan initiative by providing tractor financing. This scheme is like Sindh Bank Tractor Scheme which is also working with same mission to promote agriculture in Pakistan. Must check Al Baraka Bank Tractor Scheme 2018 eligibility criteria and required documents before submission of application form through this page.
Al Baraka Bank has its roots in Al Baraka Islamic Bank Bahrain. This banking group was established in 1991 in Bahrain. Likewise, Al-Ghazi tractor is also a private company which has strong background in tractor and its part. Both companies has joined their hands by signing Memorandum of understanding for tractor financing. The purpose of this MOU is to allow formers and agricultural persons to avail tractor financing according to the Shariah rules. Person will not be only able to get tractor but also will be able to get credit facilities on flexible payment options.
Al Baraka Bank Tractor Scheme 2018 Application Form Eligibility Documents Required
Al Baraka Bank Tractor Scheme 2018 Eligibility Criteria:
- Applicant must have at least 5 acre agricultural land to avail this scheme
- Person must have Green pass book of agricultural land
- It is compulsory to have computerized Identity Card CNIC
- Documents and acceptable guarantee is also compulsory to have for applicant
- A person also have quotation in the name of bank for the tractor
Al Baraka Bank Tractor Scheme 2018 Application form Procedure:
Al Baraka Bank Tractor Scheme has just started to facilitate the agricultural field. Applicants who want to avail tractor under this scheme can obtain their application forms from the Al Baraka Bank branch. After availing application form, attached the required documents which are listed in Eligibility Criteria heading and than submit. Tractor will granted to those who will fall according to these basic requirements and person have to pay their installments on time.