Solar-Tubewell-Scheme-Pakistan

Solar Tubewell Scheme Pakistan | Solar Tubewell+Bio Gas Plant

The Pakistani government, in collaboration with Zarai Taraqiati Bank (ZTBL), has launched subsidized renewable energy programs such as; the Solar Tubewell Scheme and Bio Gas Plant Scheme.

ZTBL has introduced two innovative products as part of this scheme: the Solar Energy System and the Bio Gas Unit/Plant.

Farmers interested in availing of these opportunities can obtain the Solar Tubewell Scheme application forms from any ZTBL branch throughout Pakistan.

In this article, we will explore the eligibility criteria, requirements, and a step-by-step application process for the Solar Tubewell Scheme and Bio Gas Plant Scheme offered by the Govt. through ZTBL.

Recommended Reading: Prime Minister Solar Panel Scheme 2023 | Solar Tubewell Scheme

How To Apply For Solar Tubewell Subsidy Pakistan | Bio Gas Plant

Solar-Tubewell-Scheme-Pakistan
Solar-Tubewell-Scheme-Pakistan

Table of Contents

Key Features Of Scheme

Key-Features-Of-Solar-Tubewell-Scheme
Key-Features-Of-Solar-Tubewell-Scheme

The Solar Tubewell Scheme and Bio Gas Plant Scheme offer the following key features:

  • Maximum Financing Limit: The schemes provide a maximum financing limit of PKR 2.5 Million per applicant. This limit ensures that farmers have access to sufficient financial support to implement solar tubewell or Bio Gas plant projects.
  • Applicant’s Contribution: The applicant is required to contribute 10% of the project cost if it is below PKR 1.5 Million. In cases where the project cost exceeds PKR 2.5 Million, the borrower will be responsible for paying the additional amount.
  • Collateral: Tangible assets owned by the borrowers serve as collateral for the loan. This provides security to the bank while allowing farmers to retain ownership of their assets.
  • Markup: The markup, or interest rate, for the loan, is set at 3%. This rate determines the cost of borrowing and helps in ensuring affordable financing for the solar tubewell and Bio Gas plant projects.
  • Insurance: Borrowers are responsible for arranging insurance for the financed equipment. Insurance coverage safeguards against any potential damage or loss and protects the borrower’s investment.

Repayment Terms:
  • Solar Tubewell: The repayment period for solar tubewell projects is set at 10 years, with a grace period of 6 months. This allows farmers to generate income from the project before starting the repayment process.
  • Bio Gas Plant: Bio Gas plant projects have a repayment period of 5 years, with a grace period of 6 months. This enables farmers to establish the project, start generating Bio Gas, and gradually repay the loan over the specified timeframe.

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Solar Tubewell Scheme Requirements

Solar-Tubewell-Scheme-Requirements
Solar-Tubewell-Scheme-Requirements

Eligibility Criteria

To be eligible for the Solar Tubewell Subsidy and Bio Gas Plant schemes, individuals must meet the following criteria:

  • Valid CNIC: All applicants must be Pakistani citizens with a valid Computerized National Identity Card (CNIC). This requirement ensures that the benefits of the schemes are accessible to Pakistani nationals.
  • No previous default status: Applicants should have a clean financial record without any previous default status. This criterion ensures that the subsidies and resources are allocated to individuals who have maintained a responsible financial history.
  • Clear e-CIB Report: The applicant’s Credit Information Bureau (CIB) report should be clear, indicating a positive credit history and financial standing. A clear e-CIB report demonstrates the applicant’s ability to manage financial obligations effectively.
  • ORR Rating up to 4: The applicant’s Operational Risk Rating (ORR) should be up to a maximum of 4. This rating reflects the applicant’s level of risk associated with their agricultural operations. Maintaining an ORR rating within the specified range ensures that the schemes are extended to individuals with acceptable operational risk profiles.
  • Technical knowledge of Solar Energy Pump Systems & Bio Gas Units: Applicants should possess the necessary technical knowledge and understanding of solar energy pump systems and Bio Gas units. This requirement ensures that the beneficiaries have the expertise to utilize and maintain the equipment effectively, maximizing the benefits of the schemes.
  • Quotation/estimate from a credible firm/entity verified by the respective Branch Manager: Applicants must provide a quotation or estimate for the installation of solar energy pump systems or Bio Gas units. The quotation must be obtained from a credible firm or entity and verified by the respective Branch Manager. This verification ensures that the proposed installations meet the required quality standards and are provided by trustworthy providers.

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Documents Required For Solar Tubewell Subsidy

To avail of the Solar Tubewell Subsidy and Bio Gas Plant schemes, the following documents need to be submitted:

  • Valid CNIC Copy: Applicants are required to provide a photocopy of their valid Computerized National Identity Card (CNIC). This serves as proof of their identity and citizenship.
  • Loan Application: A duly filled loan application form must be submitted by the applicant. The loan application contains essential details such as personal information, contact information, and the purpose of the loan.
  • Agri. Pass Book/Fard Jamabandi: Applicants need to submit their Agricultural Pass Book or Fard Jamabandi. This document provides proof of ownership or tenancy of agricultural land and serves as collateral for the loan.
  • Two Recent Photographs: Two recent passport-sized photographs of the applicant are required. These photographs are used for identification purposes and document processing.
  • CNIC of Co-applicants and Guarantors: If there are any co-applicants or guarantors involved in the loan application, their CNIC copies need to be provided as well. This ensures that all individuals associated with the loan application are properly identified and their information is documented.

These documents play a crucial role in verifying the identity, land ownership, and financial standing of the applicants.

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How To Apply For Solar Tubewell Subsidy In Pakistan

How-To-Apply-For-Solar-Tubewell-Subsidy-In-Pakistan
How-To-Apply-For-Solar-Tubewell-Subsidy-In-Pakistan

Applying for the Solar Tubewell Subsidy and Bio Gas Plant schemes involves the following steps:

Obtain the Application Form

Visit the nearest branch of Zarai Taraqiati Bank (ZTBL) to obtain the application form for the respective scheme. The bank branches are equipped with the necessary forms and can provide assistance in completing the application process.

Fill out the Application Form

Carefully fill out the application form, ensuring that all the required fields are accurately completed. Provide relevant details such as personal information, contact information, and information related to the desired scheme.

Attach Required Documents

Gather all the necessary documents as per the provided guidelines. This typically includes a valid CNIC copy, loan application, and Agri. Pass Book/Fard Jamabandi, recent photographs, and CNIC copies of co-applicants and guarantors, if applicable. Ensure that all documents are properly organized and securely attached to the application form.

Submit the Form

Once the application form and all the required documents are ready, visit the ZTBL branch where you obtained the form and submit the completed application package. The bank staff will guide you through the submission process and provide any additional instructions if needed.

Solar-Tubewell-Subsidy-Scheme-Form
Solar-Tubewell-Subsidy-Scheme-Form

Wait for Approval

After submitting the application, patiently wait for the approval process to take place. The bank will review your application, assess the eligibility criteria, and verify the provided documents. The approval process may take some time, so it is important to exercise patience during this period.

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ZTBL Contact Details

If you want to get first-hand knowledge of Solar Tubewell Subsidy and Bio Gas Plant schemes via ZTBL. Then, Zarai Taraqiati Bank Limited (ZTBL) can be contacted through the following means:

  • Website: Visit their official website at https://ztbl.com.pk/ to access information and resources related to the schemes.
  • Helpline: Contact their helpline at (051) 9252805 for immediate support and guidance regarding the schemes. The helpline is staffed to address queries and provide assistance to applicants.
  • Email: You can also reach ZTBL by sending an email to contactus@ztbl.com.pk. This allows you to communicate your inquiries or concerns in writing and receive a response from the bank’s representative.
  • Address: If you prefer to visit them in person or send physical correspondence, their address is 1 Faisal Ave, Near Zero Point Interchange, G-7/1, Islamabad Capital Territory, 44000.

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Solar Tubewell Scheme+Bio Gas Plant Scheme FAQs

What is the maximum financing limit for the Solar Tubewell Scheme?

The maximum financing limit for both schemes is PKR 2.5 Million per applicant. This provides farmers with sufficient financial support to implement their solar tubewell or biogas plant projects.

How much contribution is required from the applicant while getting Solar Tubewell?

If the project cost is less than PKR 1.5 Million, the applicant is required to contribute 10% of the project cost. For projects with a cost exceeding PKR 2.5 Million, the borrower is responsible for paying the additional amount.

What serves as collateral for the loan (Solar Tubewell Scheme)?

Tangible assets owned by the borrowers serve as collateral. This ensures that the bank has security while allowing farmers to retain ownership of their assets.

What is the interest rate for the solar tubewell scheme in Pakistan?

The markup, or interest rate, for the loan, is set at 3%. This rate determines the cost of borrowing and helps ensure affordable financing for solar tubewell and biogas plant projects.

What are the repayment terms for the solar tubewell scheme?

Solar tubewell schemes have a repayment period of 10 years, with a grace period of 6 months.

What are the repayment terms for the biogas plant scheme?

Biogas plant projects have a repayment period of 5 years, with a grace period of 6 months.

How can I obtain the application form for the Solar Tubewell Scheme and Bio Gas Plant Scheme?

The application forms can be obtained by visiting the nearest branch of Zarai Taraqiati Bank (ZTBL).

Can individuals other than farmers apply for the solar tubewell scheme?

No, these schemes are specifically designed for farmers who are engaged in agricultural activities. Other individuals may not be eligible for the schemes.

Are there any specific technical requirements for the solar tubewell and biogas plant installations?

Yes, applicants are required to have technical knowledge of solar energy pump systems and biogas units. This ensures that they can effectively operate and maintain the equipment.

What if my project cost exceeds the maximum financing limit?

If your project cost exceeds the maximum financing limit of PKR 2.5 Million, you will need to contribute the additional amount yourself.

Can I apply for both the Solar Tubewell Scheme and Bio Gas Plant Scheme simultaneously?

Yes, it is possible to apply for both schemes simultaneously if you meet the eligibility criteria for each scheme.

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