Circulars/Notifications - Agricultural Credit Department  
 Circular Letter No. ACD. 04 /PD (P)-02/2002
November 14, 2002 


The Heads of five major commercial banks/ADBP/PCBs/DPBs.
Dear Sir,
ENCOURAGEMENT OF MECHANIZED FARMING-FINANCING FOR TRACTORS

It is clarified for the guidance of all the banks involved in disbursement of agricultural credit that there is no restriction on the banksto provide agricultural loans to the farmers having subsistence holdings i-e Punjab & NWFP (Upto 12.5 Acres), Sindh (Upto 16 Acres) and Balochistan (Upto 32 Acres) for purchase of new/used tractors subject to completion of required formalities. 

You are requested to please ensure that all necessary steps are taken to encourage mechanized farming in the country by making tractor financing to the needy farmers.


Please acknowledge receipt.

Yours faithfully,
(Muhammad Afzal)

Joint Director
       
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