The Presidents / Chief Executive Officers,
All Agri Lending Commercial / Islamic / Microfinance Banks.
Dear Sir/Madam,
Streamlining of Agricultural Lending Procedures and Documentation
Please refer to ACD Circular No. 02 of 2010 dated August 11, 2010 on the subject cited above.
2. Keeping in view the difficulties faced by banks in obtaining Khasra Girdawari from their borrowers in processing agriculture loan applications, SBP now allows the use of alternative documents for the same. The banks may now use any of the following documents as alternative to Khasra Girdawari to verify and monitor the farming activity:
- Digital Survey Report based on the digital Geo-fencing /Remote sensing through satellite images of the farm on which the farmer intends to undertake or already undertaking the farming activity; the banks will make formal arrangements with reputed agri-tech companies/ institutions providing such services and facilities.
- Bonafide Certificate, providing details of crops and crop under cultivation, duly signed by designated bank's staff (Sample attached)
3. Above changes are applicable with immediate effect. All other instructions on the subject shall, however, remain unchanged.
4. Kindly acknowledge receipt.
Encl: Sample Bonafide Certificate