Loans to farmers rise 15% in 10 months
Banks have so far disbursed Rs223b against full-year target of Rs285b.
KARACHI:
Agricultural credit disbursement by banks rose by 15.29% to Rs223.845 billion in the first 10 months (July-April) of the current fiscal year compared to the corresponding period last year, show figures released by the State Bank on Monday.
In absolute terms, credit disbursement to the agricultural sector increased by Rs29.688 billion in July-April 2011-12 compared with total disbursement of Rs194.157 billion in the same period last year.
Five major commercial banks including Allied Bank, Habib Bank, MCB Bank, National Bank and United Bank lent to farmers a cumulative Rs120.415 billion, higher by 11.79% from Rs107.720 billion disbursed last year.
Zarai Taraqiati Bank, the largest specialised bank, loaned Rs43.906 billion in 10 months, up by 0.51% when compared with Rs43.681 billion given to farmers in the same period of previous fiscal year.
The Punjab Provincial Co-operative Bank gave Rs6.352 billion in loans to farmers, up by 39.81% from Rs4.543 billion in the same period of last year.
Farm loans from 14 domestic private banks stood at Rs44.143 billion, up by 15.52% compared with Rs38.213 billion provided in the same period of last year.
Five microfinance banks including Khushhali Bank, NRSP Microfinance Bank, The First Microfinance Bank, Pak Oman Microfinance Bank and Tameer Microfinance Bank disbursed a total of Rs9.030 billion in July-April 2011-12.
For the first time this year, the State Bank has given an indicative target of Rs12.2 billion to microfinance banks for disbursement of credit to the agricultural sector.
Published in The Express Tribune, May 22nd, 2012.
Agricultural credit disbursement by banks rose by 15.29% to Rs223.845 billion in the first 10 months (July-April) of the current fiscal year compared to the corresponding period last year, show figures released by the State Bank on Monday.
In absolute terms, credit disbursement to the agricultural sector increased by Rs29.688 billion in July-April 2011-12 compared with total disbursement of Rs194.157 billion in the same period last year.
Five major commercial banks including Allied Bank, Habib Bank, MCB Bank, National Bank and United Bank lent to farmers a cumulative Rs120.415 billion, higher by 11.79% from Rs107.720 billion disbursed last year.
Zarai Taraqiati Bank, the largest specialised bank, loaned Rs43.906 billion in 10 months, up by 0.51% when compared with Rs43.681 billion given to farmers in the same period of previous fiscal year.
The Punjab Provincial Co-operative Bank gave Rs6.352 billion in loans to farmers, up by 39.81% from Rs4.543 billion in the same period of last year.
Farm loans from 14 domestic private banks stood at Rs44.143 billion, up by 15.52% compared with Rs38.213 billion provided in the same period of last year.
Five microfinance banks including Khushhali Bank, NRSP Microfinance Bank, The First Microfinance Bank, Pak Oman Microfinance Bank and Tameer Microfinance Bank disbursed a total of Rs9.030 billion in July-April 2011-12.
For the first time this year, the State Bank has given an indicative target of Rs12.2 billion to microfinance banks for disbursement of credit to the agricultural sector.
Published in The Express Tribune, May 22nd, 2012.