Agri disbursement: Loans to farmers rise 17%

Credit disbursement to the agricultural sector increased by Rs28.674 billion in July-March 2011-12.


Our Correspondent April 24, 2012

KARACHI: Agricultural credit disbursement by banks rose to Rs197.361 billion in the first nine months (July-March) of the current fiscal year, which is a 17% increase compared to the corresponding period of previous year, data released by the State Bank of Pakistan (SBP) shows.

In absolute terms, credit disbursement to the agricultural sector increased by Rs28.674 billion in July-March 2011-12 from disbursement of Rs168.687 billion in the same period of last year. Five major commercial banks including Allied Bank, Habib Bank, MCB Bank, National Bank and United Bank lent a total of Rs107.640 billion to farmers in July-March 2011-12, up 15.41% from Rs93.268 billion disbursed in July-March 2010-11.

Zarai Taraqiati Bank Limited, the largest specialised bank, loaned Rs37.844 billion, slightly higher by 1.26% when compared with loans of Rs37.371 billion given in the same period of last year.

Published in The Express Tribune, April 24th, 2012.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read