Markup Subsidy & Risk Sharing Scheme for
Farm Mechanization(MSRSSFM)
In order to enhance agriculture productivity and food security in the country, Government of Pakistan (GoP) has introduced a markup subsidy and risk sharing scheme for farm mechanization under the PM' s Kissan Package- 2022.
| Salient Features of Markup Subsidy & Risk Sharing Scheme for Farm Mechanization (MSRSSFM) |
| Purpose |
For purchase of following new/used farm machinery as mentioned in SBP Circular.
Tractor
Thresher
Harvester
Planters
Mobile Grain Dryers
Solar Tube-wells
|
| Eligibility Criteria |
All farmers, processors and corporates engaged in agriculture crop production |
| Age Requirement |
Age should be between 21- 65 years |
| Debt to Burden Ratio |
75:25 (Farmers share 25% as equity and the rest 75% through bank financing) |
| Loan Size |
Up to Rs. 30 Million |
| Loan Tenor |
For New Machinery: Up to 07-Years
For Used Machinery: The financing tenor of the used machineries (under Category I & II) up to 5 years; or Useful Life of the Machinery;
|
| Pricing |
7% per annum |
| Security Requirement |
As per banks’ policy |
| Processing Fee |
As per SOC |
Validity of the scheme as 31.12.2023.