The
heads of all CBs/DPBs and ADBP/FBC/PCB(Punjab).
Dear
Sir,
AGRICULTURAL
LOAN SCHEME-LIST OF ELIGIBLE ITEMS
FOR AGRICULTURAL CREDIT
Please
refer to our Circular Letter No./1044-1050/PD(P)-08/2001 dated
26th April, 2001 on the captioned subject.
In
order to further enhance the scope of Agricultural Loans Scheme
and to ensure availability of adequate & timely credit
to the growers / farmers, the Agricultural Credit Advisory
Committee (ACAC), in it’s meeting held on 17th
July 2002 at SBP, Karachi, has taken the following decisions
with immediate effect: -
i)
Finances made by the banks to the Leasing Companies
for providing agricultural equipments / machines on leasing
/ rental / hiring basis to the growers / farmers shall be
treated as part of banks’ mandatory targets for agriculture.
ii)
Banks are allowed to provide finances for processing
of high quality seeds to the Seed Processing Units. Such financing
shall also be treated as part of banks’ mandatory targets
for agriculture.
You
are, therefore, advised to provide finances for the above
purpose. All such financing to the Leasing Companies as well
as to the
Seed Processing Units should be reported by your bank on proforma
“L” & “Q” respectively on monthly basis. The first information
for the month of August 2002 may be sent to us on or before
15th September 2002 and so on.
Please acknowledge.
Enclosures:
One (I), Two
(II)
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