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Lease Finance Facility For Purchase of Tractor under Green Tractor

Scheme 2008-2009
In the wake of Chief Minister, Punjab's agenda for promotion of Agriculture Sector, Government of
Punjab has decided to provide 10000 Tractors to small farmers on subsidized rates. A subsidy of RS:
200,000/- per tractor will be provided to the farmers declared successful through computerized balloting.
The scheme has been titled as "Green Tractor Scheme 2008-09". In order to facilitate farmers and to grasp
maximum business, our Management has approved a special product titled as "LEASE FINANCE
FACILITY FOR PURCHASE OF TRACTOR UNDER GREEN TRACTOR SCHEME 2008-09" with
following
terms
&
conditions:
ELIGIBILITY
--All Farmers who have
--The applicant should be
agri land free from all
Bank's
charge
--The
applicant
should

been declared successful through computerized balloting.


a resident, owner/self cultivator of minimum 05 Acres of
encumbrances. Existing BOP borrowers having land under
are
also
eligible
under
this
scheme.
not
be
a
defaulter
of
any
Financial
Institution.

PRICE
OF
TRACTOR
The price of Green Tractor would be less by RS: 200,000/- from market price of tractor. Subsidy of RS:
200,000/- will be provided by Govt. Of Punjab directly to Tractor Manufacturers.
MAKE
OF
TRACTOR
Government of Punjab has approved M/s Millat Tractors (Pvt.) Ltd. and Al-Ghazi Tractors Limited as
Local
Manufacturers
of
tractors
for
the
scheme.
AMOUNT
OF
FINANCE
The amount of finance will be equal to the price of locally manufactured tractor less subsidy amount of
RS: 200,000/- to be provided by the Government of Punjab. However, maximum amount of facility will
not
exceed
the
ex
factory
price
of
tractor.
EQUITY
No
Equity
for
Tractors
having
price
up
to
RS:
500,000
10% equity of Subsidized Price (actual price - subsidy amount) for all Tractors having price above RS:
500,000/SECURITY
Leased Asset (Tractor) itself (Tractor will be registered solely in the name of The
Bank
of
Punjab).
Charge on Agriculture Land through Agri. Pass Book. Two written satisfactory
market
checking
reports
MARGIN
ON
COLLATERAL
SECURITY
25% margin on three years Ost Bai of Agri Land as assessed by Revenue Officials. 50% margin on
FSV
of
Agri
Land
as
evaluated
by
Bank's
approved
surveyor
(s).
INSURANCE
Asset Insurance and Life assurance of the Borrower (assigned to BOP) as per Bank's policy. (Insurance,
Registration and evaluation charges (if any) etc shall be borne by the farmer. MARK-UP 15% Per Annum
VALIDITY
05
Years

from

the

date

of

disbursement.

REPAYMENT
10 Equal Half Yearly Installments (Principal + Mark up).

Second Hand Tractors Leasing Finance Scheme


Purpose:
Leasing out Used/Second hand tractors to farmers. The Tractor would be unencumbered and should not be more than three years old
maintaining good condition.
Eligibility:
Resident Self Cultivator having
acres.

Amount: Maximum Rs.400, 000/-.

Equity:
10% to 20% of the forced sale value assessed by banks and PBA approved surveyor.
Market and forced sale value of the tractor will also be verified by the Branch Manager
and ACO.

Security:

FARMERS:
1. Lease Tractor (to be registered in the name of the Bank)
2. Charge on Agriculture Land through Agri. Pass Book.
3. One personal guarantee of reputable person of the area. ACO along with Regional
Chief can waive this condition if they deem the borrower to be very credit worthy. Two
written satisfactory market checking reports must be obtained before disbursement.

Insurance:
The Lessee will arrange comprehensive insurance of tractor and his own Life assurance under Banks mortgage clause as per Banks
arrangement
Mark-up: 15% per annum.
Lease Period: Maximum three years.
Repayment: Half yearly installments. (Minimum two and maximum six half yearly
installments).

Others:
Registration Charges and Insurance premium of the tractor will be borne by the lessee. Corporate Farmers will also be accommodated
to purchase second hand tractors under Kissan dost corporate farming finance scheme. The said Scheme will be a part of Kissan
Dost Tractor Scheme

(EconomicWing)
FrequentlyAskedQuestions
Q.1.WhatisthebackgroundoftheEconomicWing?
Answer:TheDirectorateofEconomicsandStatisticswasestablishedatKarachiin1960.
ItsnomenclaturewaschangedtoDepartmentofMarketingandIntelligenceand
AgricultureStatisticsin1963.Thisdepartmentwascomprisedofthreesubsectionas
givenunder:
i.
AgriculturalEconomicsandStatistics
ii.
FarmManagementand
iii.
EconomicStudies
In1989,thePlanningUnitand(EPA)EconomicPolicyAnalysisProjectwas
mergedandproposedthreeDirectoratesnamely:
i).

DirectorateofAgricultureStatistics.

DataAssembly,DataProcessing,andForecastingand
reportsonFoodandFiberSystem.
ii)DirectorateofEconomicResearch.

Commoditysituationreports,FarmManagementandAgri
business.
iii)DirectorateofAgriculturePolicy

Alternativepolicyoptionsforagriculturalandagricultural
businessproblemsthroughinput,productionanalysisand
otherstudies.
AtthetimeofmergerofEconomicWing,20postsofFieldInvestigators(BPS
11)andsevenpostsofStatisticalAssistantweresurrenderedandonepostofDirector
(AP)(BPS19)wascreated.In1989therewerethreepostofStatisticalOfficers,onepost
ofSurveyOfficer,onepostofEconomicConsultant,after1993,duetoEconomicCut,
downsizing/rightsizing,onepostsofDeputyDirector,onepostofSurveyOfficer,two
postsofStatisticalOfficerandelevenpostofResearchOfficersandfourpostsofField
Investigatorswereabolished/surrenderedwithoutanychangeintheassignmentand
function/responsibilitiesoftheofficers.

Page 2
Q.2.WhatisEconomicWing?
Answer:TheEconomicWingisaresearchandpublicationWingoftheMinistryof
Food,AgricultureandLivestock.ThisWingisresponsibleforcollection,compilation
anddisseminationofagriculturalstatisticsatnationalandinternationallevelandto
provideMINFALtimelyandrelevanteconomicandpolicysupportundertherulesof
business.ThiswingprovidesfeedbacktoMINFALonAgricultureEconomicand
relatedmaterialspolicymatter.
Q.3.WhatistheroleofEconomicWing?
Answer:TheEconomicWingplaysavitalroleintheactivitiesoftheMINFAL.It
providesfeedbacktoMINFALintradepolicy,agriculturalpolicy,farmmanagement,
disseminationofagriculturalstatisticsetctoresearchers,policymakersandplannersin
publicandprivatesector.
Q.4.WhatarethefunctionsofEconomicWing?
Answer:EconomicWingisresponsibleforprovidingeconomicandpolicyanalysis
supporttoMINFAL,assemblinganddisseminationofagriculturalstatistics,monitoring
ofagriculturalcredit,overviewitsdisbursementandutilizationincludingpolicyof
reforms,coordinationwithnationalandinternationalagenciesineconomicmatters.It
alsoprovidesstrategy,planninganddirectionsandeconomicintelligenceonFoodand
AgricultureSectortoMINFALandotherGOPMinistries,privateorganizations.This
wingalsopresentsMINFALandGOPinthesemattersinmeetingsonthebehalfof
Secretaryatnationalandinternationallevel.
Q.5.WhatiscompositionofEconomicWing?
Answer:TheEconomicConsultantishead,overallinchargeoftheEconomicWing.He
supervisesthiswinginperformingallactivities.Thefollowingstaffisworkingunderhis
supervision.

1.
Director(BPS19)..(1)
inposition
2.
DeputyDirector(BPS18)..(4)
2inposition&2vacant
3.
ResearchOfficers(BPS17)(7)
6inE.W,1WTO
4.
StatisticalOfficer(BPS17)(1)
vacant

Page 3
Q.6.HowapublicationcanbeobtainedfromEconomicWing?
Answer:IfanyonerequirepublicationofEconomicWing.Hemustsubmitarequeston
thenameofEconomicConsultant.Theaddressisgivenasunder:
RajaAbdulHameed
EconomicConsultant
MinistryofFood,AgricultureandLivestock
(EconomicWing)
ShaheedeMillatSecretariat,8thFloor,
Islamabad
Q.7.WhatistheroleofMINFALinagriculturalcredit?
Answer:MinistryofFood,AgricultureandLivestock(MINFAL)monitorsthecreditof
banksinprovidingagriculturalcreditandalsotrytosolveanyhitchindisbursementof
agriculturalcredit.
Q.8.Whichbanksareprovingagriculturalloanstofarmingcommunity?
Answer:Currently,21banksaredisbursingagriculturalloansi.e.5bigbanks(NBP,
HBL,MCB,UBL&ABL),14DomesticPrivateBanks(AskariCom.BankLtd.,Bank
AlHabibLtd.,BankAlFalahLtd.,MybankLtd.,FaysalBankLtd.,HabibMetropolitan
BankLtd.,PICICCom.BankLtd.,KASBBankLtd.,PrimeCom.BankLtd.,SaudiPak
Com.BankLtd.,SoneriBankLtd.,TheBankofKhyber,TheBankofPunjab&Standard
CharteredBank(Pakistan)Ltd.)andtwospecializedbanks(ZTBL&PPCBL).
ECONOMICCONSULTANT
DeputyDirector(AE&S)

ORGANIZATIONALCHARTOFE.WING
DIRECTOR

DeputyDirector(ES)
DeputyDirector(FM)
(Vacant)
DeputyDirector(AP)
(Vacant)
ResearchOfficer
ResearchOfficer
StatisticalOfficer
ResearchOfficer
ResearchOfficer
ResearchOfficer
ResearchOfficer
ResearchOfficer

Page 4

Q.9.Whataretheperacrecreditlimitfordifferentcrops?
Answer:Theindicativeperacrecreditlimitformajorcropsareasunder:
i.
Sugarcane
Rs.18,000/
ii.
Paddy(Rice)
Rs.9,000/
iii.
Wheat
Rs.8,000/
iv.
Cotton
Rs.11,000/
v.
Othercrops
Asperactualcost
Q.10.WhataretheperacrecreditlimitforMaturedOrchardofvarioustypesof
fruits?
Answer:Theperacrecreditlimitformaturedorchardofvarioustypesoffruitsareas
under:
i.
Mango
Rs.30,000/
ii.
Citrus
Rs.25,000/
iii.
Apple
Rs.30,000/
iv.
Banana
Rs.25,000/
v.
Jujuba
Rs.10,000/
vi.
Guava
Rs.15,000/
vii.
Coconut
Rs.15,000/
viii.
Litchi
Rs.25,000/
ix.
Palm
Rs.15,000/

Q.11.WhatistheclassificationofAgriculturalFinances?
Answer:Agriculturalcreditisprovidedindifferenttypes/schemes:i.e.ShortTerm
Credit(itisbasicallyforproductionpurposesandisgivenforaperiodlessthanayear),
MidTermCredit(itisprovidedforbothproductionanddevelopmentpurposesandis
givenforaperiodof3to5years),LongTermCredit(itisbasicallyprovidedfor
developmentpurposesandisgivenforaperiodofmorethan5years).
Q.12.WhatisRevolvingCreditScheme?
Answer:Thebankscanprovidefinanceforagriculturalpurposesunderthisschemeon
thebasisofrevolvinglimitsforaperiodofthreeyearswithonetimedocumentation.The
borrowersareonlyrequiredtocleartheentireloanamount(includingmarkup)onceina
yearatthedateoftheirownchoice.Multipledrawlsareallowedandtheborrowersare
alsoallowedtomakepartialrepayments.Onlytheamountutilizedbytheborrowerwill
attractmarkup.ThisfacilitycanbeavailedbythefarmersjustlikeCreditCard.The
limitsunderthisschemeareautomaticallyrenewedonannualbasiswithoutanyrequest
orfreshapplication.
Q.13.Whatistherateofmarkuponagriculturalloan?
Answer:Themarkupratevariesfrombanktobank,about9%to15%.
Q.14.Isanybankprovidingrebatetothefarmersifloanispaidbackwithintime?
Answer:OnlyZTBLisproviding1%rebateiftheloanispaidbackwithinduetime.

Page 5
Q.15.Howmanyborrowersthebanksareserving?
Answer:Atpresent,agriculturalcreditisbeingprovidedfrombankingsectorto1.627
million(25%)borrowersoutofpotentialmarketof6.6millionborrowers.
Q.16.Whoiseligibleforagriculturalcreditfromthebanks?
Answer:Allcategoriesoffarmers(owner,ownercumtenantandtenant)andNonFarm
households(small&largefarms)inPakistanareeligibleforagricultural/farmcreditfor
thebankssubjecttocompletionofrequiredformalities.
Q.17.Whataretheeligibilitycriteriaforavailingofagriculturalcreditfromthe
banks?
Answer:Theapplicantshouldfulfillthefollowingcriteria/requirements:
i.Hemustbeagenuinefarmer/tenant.Forthispurposeafarmersnamemust
appearinrevenuerecordandatenantshouldestablishthisfactthrougha
governmentpaperorhemustbehandlingNonFarmactivitieslikelivestock,
poultry,dairyfarming,fishery,forestryetc;
ii.Heshouldnotbethedefaulterofanybank.
iii.Hemustproducepropersecurities/sureties/passbookorothercollaterals
acceptabletothebanks.
Q.18.ForwhatpurposesthebanksprovideAgriculturalCredit?
Answer:Agriculturalcreditisprovidedbythebanksforcompletevaluechainof
activitiessuchasproduction/croploansi.e.inputs(seed,fertilizer,&pesticidesetc.),
developmentloans(tractors&tubewells,agriculturalmachinery/equipments/
implementsetc.),corporatefarming,marketing,coldstorage(godowns)onfarm&off
farm,silos,processingofcrops(otherthanmajorcrops),fruits&vegetables,grading,
polishing,packing,transportationandexportsofagriculturalgoodsetc.Agricultural
creditisalsoavailablefornonfarmsectorsuchaspoultry,livestock,dairyfarming,
forestryandfisheries,apiculture,sericulture,floriculture,horticultureetc.

Q.19.Whatarebasisofclassifyingfarmsbysmall,mediumandlargeinfour
provinces?
Answer:Detailsofsizeoflandholdingsforvariouscategoriesoffarmsindifferent
provincesareasunder:
NameofProvince
Subsistence
Holding
(SmallFarmers)
Economic
Holding
(Medium)
AboveEconomic
Holding
(Large)
Punjab
Upto12.5AcresAbove12.5Acres
to50Acres
Above50Acres
NWFP
Upto12.5AcresAbove12.5Acres
to50Acres
Above50Acres
Sindh
Upto16Acres
Above16Acres
to64Acres
Above64Acres
Balochistan
Upto32Acres
Above32Acres
to64Acres
Above64Acres

Page 6
Q.20Whattypesofsureties/security/collateralsareacceptabletothebanksfor
providingagriculturalcredittofarmers/growers?
Answer:Passbook,urban/ruralproperty,commercialproperty,DefenseSaving
Certificates,SpecialSavingCertificates,Gold&SilverOrnamentsandpersonalsurety.
Q.21.WhatarethebasisforentitlementofloansagainstPassbook,ruraland
commercialproperties,DSCs,SSCs,Gold/Silveretc.fordifferentagricultural
loans?
Answer:Thebasisforentitlementofloanfromthebanksforthefarmersis80%against
passbook,75%ofencashmentvalueofDSCsandSSCsand60%ofrural/commercial
propertiesandgold/silverornamentsetc.However,theseratiosmaydifferfrombankto
bankdependingupontheircreditpolicyandcreditworthinessofborrower.
Q.22.Whatisthelimitofloansagainstpersonalsurety?

Answer:ThelimitofAgriculturalloansagainsttwocreditworthysuretiesacceptableto
thebankinlieuofmortgageoflandisRs.100,000/=perborrower.However,total
guaranteeofoneguarantorshouldnotinanycaseexceedRs.500,000/=excluding
ProcessingUnits.
Q.23.Isthereanysystem/procedureunderwhichfarmerscangetagricultural
loansattheirdoorsteps?
Answer:MobileCreditOfficers(MCOs)andAgriculturalCreditOfficersofbanksare
visitingthevillagesregularlytoascertainthecreditneedsofthefarmersandensureits
availabilityattheirdoorstepsandfortechnicalhelpfordifferentcrops.Banksalso
provideloanstofarmersforseasonalcropsattheirdoorsteps,underonewindow
operations.
Q.24.Banksarevigorouslygoingforcarleasingbusiness.Cantsuchfacilitybe
extendedtofarming/ruralcommunitybyprovidingagricultural
machines/equipments/implementsincludingtractoronleasing,hiring,rentalbasis?
Answer:TheSBPhasalreadyallowedthebankstoextendleasingfacilitiestothe
farmersundertheschemefortubewells,tractors,harvestersetc.ifthesearefreefromall
encumbrances.Thesemachines/equipments/implementsarealsoavailabletothefarmers
onhiring,leasingandrentalbasisthroughLeasingCompanies.
Q.25.WhattypeofdataiscontainedinthepublicationAgriculturalStatisticsof
Pakistan?
Answer:AgriculturalStatisticsofPakistan200506containsdataonarea,Production
ofagriculturalcommodities,landuse,agriculturalinputs,mechanization,livestock,
fisheries,forestry,trade,prices,andmiscellaneousstatisticsregardingagriculture.This
bookletcanbeviewedonwww.minfal.gov.pk.
Q.26.Whichpublicationcouldbereferredtohaveimportandexportstatisticsof
fruit,vegetableandcondimentswithdestinationandsources?
Answer:ThepublicationnamelyFruitVegetableandCondimentsofPakistanis
referredforthispurposethesamemaybeperusedonwww.minfal.gov.pk.

Page 7
Q.27:WherefromDistrictWiseAreaProductionofCropscanbeseen?
Answer:TheDistrictWiseareaandproductionof54major/minorcropsincludingfruit,
vegetablesandcondimentscanbeseenfromthiswingspublicationCropsarea
Production(ByDistrict)
Q.28:Whattypeofinformation/dataisprovidedtoFAO?
Answer:FAOsuppliesmorethan15questionnairesaroundtheyear.
These
questionnaireshavedataofareaproductionofcrops,oilseedpulses,condiments,fruit,
vegetablespricesofagriculturalcommodities,fertilizer.Thesequestionnairesarefilledin
accordingtotherequirementofthequestionandreturnedbacktoFAO.
Q.29:Whichinternationalagenciesdemandforfurnishingofdata?
Answer:SAARC,FAO,AsiaPacific,IMFandECOrequestforsupplyofdataaccording
totheirneeds/requirements.
Q.30:WhoaretheendusersofEconomicWingsdata?
Answer:Researchers,planners,policymakers,students,farmersandmill/factories
ownersaretheenduserofEconomicWingsdata.

Q.31:Whichpublicationisreferredforitemwise,provincewiseAreaProduction
ofFruit,VegetablesandCondiments?
Answer:ThepublicationnamelyFruitVegetableandCondimentsofPakistanis
referredandcanbeviewedonMINFALswebsite.
Q.32:WhenKharifcropsfinalestimatesarereleased?
Answer:MINFALsEconomicWingisresponsibleforthepreparationandreleaseofthe
finalestimatesofcotton,sugarcane,rice,maize,kharifpulses,jowar,bajra,khariffruit
andvegetables.EconomicWingMINFALfinallynotifiestheseestimatesby30
th

June
every
year
for
circulation
among
Federal/Provincial
Government
Departments/AutonomousBodies.
Q.33:WhenRabicropsfinalestimatesarereleased?
Answer:LikewiseKharifestimatesMINFALsEconomicWingisalsoresponsiblefor
thepreparationandreleaseofwheat,barley,oilseed,masoor,matterandotherrabicrops
EconomicWingMINFALfinallynotifiestheseestimatesbyendofeveryyearfor
circulationamongFederal/ProvincialGovernmentDepartments/AutonomousBodies
Q.34:WhatistheAreaProductionandYieldofmajorcrops?
Answer:RefertofollowingtableNos.ofthisWingspublicationAgriculturalStatistics
ofPakistan200506availableonMINFALswebsite.
TableNo.3forWheat
TableNo.6forRice,
TableNo.8forMaize,
TableNo.13forSugarcane,
TableNo.14forCotton,

Page 8
Q.35:WhatistheAreaProductionandYieldofImportantMinorCrops?
Answer:RefertofollowingtableNos.ofthisWingspublicationAgriculturalStatistics
ofPakistan200506availableonMINFALswebsite.
TableNo.9forBajra,
TableNo.10forJowar,
TableNo.11forBarley,
TableNo.18forTobaccoo,
TableNo.41forPotato,
Q.36:WhataretheAreaProductionandYieldofPulses?
Answer:RefertofollowingtableNos.21to28ofthisWingspublicationAgricultural
StatisticsofPakistan200506availableonMINFALswebsite.
Q.37:WhataretheAreaProductionandYieldofOilseeds?
Answer:RefertofollowingtableNos.29to34ofthisWingspublicationAgricultural
StatisticsofPakistan200506availableonMINFALswebsite.

Q.38:WhataretheAreaProductionandYieldofImportantCondiments?
Answer:RefertofollowingtableNos.3540ofthisWingspublicationAgricultural
StatisticsofPakistan200506availableonMINFALswebsite.
Q.39:Whatarethetargetsofimportantcropsfortheyear200607?
Answer:RefertotableNo.60of.AgriculturalStatisticsofPakistan200506available
onMINFALswebsite.
Q.40:Whatisthepercentagesowingofdifferentgroupsofcropsduringtheyear
200506?
Answer:RefertotableNo.62ofAgriculturalStatisticsofPakistan200506available
onMINFALswebsite.
Q.41:Providetheinformationaboutareairrigatedbydifferentsources?
Answer:RefertotableNo.64ofAgriculturalStatisticsofPakistan200506available
onMINFALswebsite.
Q.42:WhatistheintensityofwaterloggingandsalinityinPakistan?
Answer:RefertotableNo.74ofAgriculturalStatisticsofPakistan200506available
onMINFALswebsite.
Q.43:Providetheinformationregardingconsumption,productionandimportof
fertilizers?
Answer:RefertotableNo.7685ofAgriculturalStatisticsofPakistan200506
availableonMINFALswebsite.
Q.44:Howmuchwaterisavailableforirrigationatfarmgate?
Answer:RefertotableNo.86AofAgriculturalStatisticsofPakistan200506
availableonMINFALswebsite.
.

Page 9
Q.45:Isthereanyrecordofrainfallatdifferentstations?
Answer:RefertotableNo.87ofAgriculturalStatisticsofPakistan200506available
onMINFALswebsite.
Q.46:HowmuchpesticideswereconsumedinPakistanduring2006?
Answer:RefertotableNo.91AgriculturalStatisticsofPakistan200506availableon
MINFALswebsite.
Q.47:Howmuchelectricityandpetroleumproductswereconsumedinagriculture
sectorduring200506?
Answer:RefertotableNo.119120AgriculturalStatisticsofPakistan200506
availableonMINFALswebsite.
Q.48:WhatisthelivestockpopulationinPakistan?
Answer:RefertotableNo.121122ofAgriculturalStatisticsofPakistan200506
availableonMINFALswebsite.
Q.49:Isthereanystatisticaldataregardinglivestockproducts?
Answer:RefertotableNo.123125ofAgriculturalStatisticsofPakistan200506
availableonMINFALswebsite.
Q.50:Provideabriefinformationregardingimport/exportofmajoragricultural
commodities?
Answer:RefertotableNo.137142ofAgriculturalStatisticsofPakistan200506
availableonMINFALswebsite.

Q.51:Whatarethesupport/interventionpricesofwheat,rice,cottonand
sugarcane?
Answer:RefertotableNo.143,144&145ofAgriculturalStatisticsofPakistan2005
06availableonMINFALswebsite.
Q.52:WhatisthepercapitaavailabilityofmajorfooditemsinPakistan?
Answer:RefertotableNo.167173ofAgriculturalStatisticsofPakistan200506
availableonMINFALswebsite.
Q.53:WhatistheshareofagriculturesectorinPSDP/ADPinprovinces?
Answer:RefertotableNo.181ofAgriculturalStatisticsofPakistan200506available
onMINFALswebsite.
Q.54:Whichcropsaretakenincereals?
Answer:Thefollowingsixcropsaretakenincerealscrops
1.Wheat,
2.Rice,
3.Jowar(Sorghum),
4.Maize,
5.Bajra(Millet),
6.Barley.

Page 10
Q.55.IsthereanyguidelinesissuedbySBPforfinancingtolivestockandfisheries
sector?
Answer:SBPhasissuedguidelinesforlivestockandfisheriessectorfinancingwhichcan
beseenontheirwebsitewww.sbp.org.pk/departments/acd.htm.
Q.56.WhatisCorporateAgricultureFarming(CAF)?
Answer:CorporateAgricultureFarming(CAF)issustainablegrowthintheagriculture
farmingsystemonthepatternofindustrybycombiningagricultureandprocessing
activitiesatoneplace.
Q.57.IsthereanyGovernmentsanctionrequiredtoundertakeCAFexcept
registrationwithBOI?
Answer:Noregistration/permissionisrequiredbythegovernmenttoundertakeCAF.
However,companyisrequiredtoberegisteredwithBoardofInvestment(BOI)and
SecurityandExchangeCommissionofPakistan(SECP).
Q.58.IsthereanylegalentitlementforCorporateFarms?
Answer:Onlysuchlocalandforeigncompaniesareentitledthatarelocallyincorporated
undertheCompanysOrdinance1984withagriculturebase.
Q.59.IsthereanytaxonCorporateFarms?
Answer:Thereisnotaxappliedoncorporatefarms?
Q.60.WhatistheimportdutyonmachineryimportedforCAFpurposes?
Answer:ThereisnoimportdutyonmachineryimportedforCAFpurposes.
Q.61.WhatisupperlimitoflandceilingforCAF?
Answer:ThereisnoupperlimitoflandceilingforCAF.
Q.62.Isthereanydutyontransferofland?
Answer:AllprovinceshavewaivedoffonetimestampdutyontransferoflandforCAF
purpose.
Q.63.IsthereanypolicypackageforCAF?

Answer:Yes,thefollowingpointshavebeenapprovedforCAF:
1.OnlysuchlocalandforeigncompanieswillbeentitledtoCorporateAgriculture
FarmingthatareincorporatedinPakistanundertheCompaniesOrdinance,1984.
2.TheremaynotbeanyupperceilingonlandholdingforCAFbyamending
relevantlaws.Thesizeoftheproposedcorporatefarmmaybelefttobe
determinedbytheprospectiveinvestor.
3.AgricultureIncomeTaxregimeapplicableinprovinces,onincomefrom
agriculture,wouldbeapplicabletoCorporateAgricultureFarming.
4.TaxreliefinshapeofFirstYearAllowanceof75%ofmachinerycostbeallowed
tosetoffprovincialAIT.
5.Labourlawsmaynotbepresentlyapplicabletocorporateagriculturecompanies.
Duetospecialcircumstancesoftheagriculturesectorhoweverappropriatelabour
lawsbedevelopedforthissectorwithinfiveyear.

Page 11
6.Zerorateddutybechargedonimportofagriculturemachineryandequipment
andalsoexemptedfromSalesTax.
7.Machineryitemsforwheat/grainstorageandcoolchainmaybeincludedinSRO
437(I)/2001.
8.Whereverpossible,statelandmayeitherbesoldorleasedtotheinvestorsfor50
years,extendableforanother49years.Preferenceinthisrespectwillbegivento
culturalwastelands,whichisotherwisefitforcultivation.
9.DutyontransferoflandtoCAFwillbeexempted.
10.100%foreignequitywillbeultimatelyallowed(intheCAF).
11.NoGovernmentsanctionrequiredundertakingCAFexceptregistrationwithBOI.
12.Exemptionofthedividends(ofCAFcompanies)fromtax.
Q.64.WhataretheareasofinvestmentforCAF?
Answer:FollowingaretheareasofinvestmentforCAF:
1.Landdevelopment/reclamationofbarrenland,desertandhillyareasfor
agriculturepurposeandcropfarming.
2.ReclamationofwaterFrontAreas/Creeks.
3.Crops,Fruits,Vegetables,FlowersFarming/IntegratedAgriculture(Cultivation
andprocessingofcrops).
4.Processingofagricultureproducts.
5.Modernizationanddevelopmentofirrigationfacultiesandwatermanagement.
6.Plantation/Forestry.
7.Dairy,smallruminants(sheep,goat)andallotherlivestockfarming.
AppendixI

AGRICULTURALLOANSSCHEME
StateBankofPakistantakeskeeninterestinprovidingcreditfacilitiesfor
agriculture,boththroughthedevelopmentofcreditinstitutionsaswellasthrough
providingcreditlinestothedevelopmentbanksandincentivestoCommercialBanks.It
islaiddowninSection8(3)oftheStateBankofPakistanAct,1956thattheStateBank
shallcreateaspecialAgriculturalCreditDepartmentwiththefollowingfunctions:
1.Tomaintainanexpertstafftostudyallquestionsofagriculturalcreditand
beavailableforconsultationbytheFederalGovernment,Provincial
Governments,ProvincialCooperativeBanksandotherbanking

organizations.
2.TocoordinatetheoperationsoftheBankinconnectionwithagricultural
creditanditsrelationswiththeProvincialCooperativeBanksandanyother
organizationsengagedinthebusinessofagriculturalcredit.
Priorto1972,Commercialbankslendingtoagriculturewasnominal.Bulkofcredit
tothissectorwasbeingprovidedbytheAgriculturalDevelopmentBankofPakistan
(nowZTBL).WiththeintroductionofBankingReformsin1972,severalinstitutionaland
policychangesweremadewiththeobjectiveofmoreequitabledistributionofbankcredit
amongvarioussectorsandgroups.Agriculturesectorwasalsoabeneficiaryofthese
policyreforms.
InexerciseofthepowersvestedintheStateBankofPakistan,underSection25of
BankingCompaniesOrdinance1962,effectivefrom1
st

December1972anAgricultural
LoansSchemewasintroduced.Intheabsenceofadequatelydevelopedspecialized
institutionsforthissector,commercialbanks,withtheirlargenetworkofbranches,were
inductedinmandatoryagriculturalfinancingunderthisScheme.
AgriculturalCreditAdvisoryCommittee(ACAC)inoneofitsmeetingsobserved
thattheagriculturalcreditdisbursedbyNationalizedCommercialBankswasbeing
divertedtononagriculturalpurposeandthepositionofrecoveryoftheseloanswasnot
satisfactory.TheCommitteealsofeltthatthesolutionoftheproblemlayinexpansionof
supervisedcreditscheme.ItwasdecidedthatNCBsshould,infuture,disburse
agriculturalloansunderaModelScheme,whichwouldbedevelopedbyPakistan
BankingCouncil.ThePakistanBankingCouncil,inconsultationwithNCBsandsome
agriculturalcreditexperts,preparedadraftmodelschemeforagriculturalcredit.The
draftschemewasconsideredbyACACinitsmeetingheldon2
nd

July,1986.ACACset
upasubcommitteetoexaminetheScheme,whichexaminedthedraftSchemeand
submitteditsreporton6
th

August1986.TheStateBankofPakistanhassinceapproved
theSchemeandadvisedthePakistanBankingCounciltoallocateterritorialjurisdictions
toNationalizedCommercialBanksforimplementingtheScheme.Theallocationof
territorialjurisdictionamongtheNationalizedCommercialBankswasmadeontehsil
wisebasisinconsultationwithbanks.Duetolackoftrainedandqualifiedstaffthe
Schemewasimplementedunderaphasedprogramanditwasplannedtocoveralltehsils
undertheschemebythe31
st

December1990.Inthefirstphase,w.e.f1
st

October,1987it
wasintroducedin107tehsils30tehsilseachinPunjabandNWFP,37inSindhand10in
Baluchistan.ThesecondphaseoftheschemewasstartedinFebruary,1989and223
moretehsilswereincludedintheScheme.TheSupervisedAgriculturalCreditScheme
wasrevampedsignificantlyinApril2001ontheinitiativesofcommercialbanksunder
theleadershipofMuslimCommercialBankLimited.Itwasdecidedtowithdrawthe
restrictionsoncommercialbanksformakingdisbursementsonlywithintheirrespective
territorialjurisdictions,i.e.,UnionCouncils/TownCommitteesallocatedtothem.On2
nd

August,2001,underSection25ofBankingCompaniesOrdinance1962,fourteennew

Page 2

2
DomesticPrivateBankswereinductedintheAgriculturalLoansSchemeandindicative
targetswereallocatedtothemfortheyear200102.
AgriculturalCreditEstimates
ThetargetsofagriculturalloansweresetbytheNationalCreditConsultative
Council(NCCC)andwerebasedontherecommendationsoftheAgriculturalCredit
AdvisoryCommittee(ACAC).ACACwassetupin1972toassesscreditrequirementsof
theagriculturesectorinordertoassisttheNCCCinthepreparationoftheAnnualCredit
Planandtoconsiderthewaysandmeansforimprovingthedisbursalandrecoveryof
agriculturalcredittogetherwithsuggestingmeasuresforthestrengtheningof
institutionalframeworkofagriculturalcredit.
TheACAC,withtheassistanceofCommitteeofExpertsappointedbyit,evolved
amethodologyforthepreparationofestimatesofagriculturalcreditrequirements.First
devisedin197374,themethodologywassubsequentlyrevisedin197879,198384,
1989andlatelyin2001.Cashrequirementsforproductionloanswereestimatedonthe
basisoftotalacreageoflandundervariouscropsandthecostofinputsforeachcropin
eachprovince,andtheestimatedpersonalsavingsofvariouscategoriesoffarmersin
termsofsizeofholdings.Onthebasisofrecommendations,madebycommitteeof
expertsinitsrevisedmethodologyreport2001,theACACapprovedthattheeffective
demandforbankcreditaspercentageoftotalcashrequirementsforseeds,fertilizersand
pesticideswouldbe95%,60%and40%forsmall,mediumandlargefarmsrespectively
asagainstthe90%,60%and40%forsmall,mediumandlargefarmsrespectivelygiven
intheearlierreportof1989.Thesecalculationstookintoaccountthesavingcapacityof
variouscategoriesoffarmers,lendingcapacityofcreditagenciesandotherrelevant
factors.Inthesecalculations,itwasassumedthatallthefarmersdonotneedcreditto
theirfullentitlements.Thiswouldmakeitpossibleforcreditagenciestomeetgenuine
creditneedsofeachfarmerinfull.ThisreportwouldbeusefultoProvincial
Governmentsforcalculatingtheircashandcreditrequirementsforfarmandnonfarm
sector.Italsoprovidesusefulinformationtobankstoidentifyandmeetgenuinecredit
needsoffarmers.Finally,farmerscanbenefitfrominformationregardingtheitems
eligiblefortheagriculturalcredit.
ThesalientfeaturesoftheAgriculturalLoansSchemeandamendmentsmade
fromtimetotimewereconveyedtobanksthroughACDsCirculars,issuedfrom1972
tilldate.However,tofacilitatethebanks/stakeholders,thelateststatusofthe
AgriculturalLoansSchemeinacomprehensiveformisgivenasunder:
LoanCategories
Inordertoprotecttheinterestofthesmallfarmers,theAgriculturalLoans
Scheme,underSection6(A)Grantofloanstobeinspecifiedratio(Governmentof
Pakistan,FinanceDivisionNo.SRO859(1)/73datedthe16
th

June,1973readwith
Section5ofActNo.XLIIof1973)andLoansforAgriculturalPurposesRules,1973,
guaranteesthatagriculturalloansgrantedbybankstofarmersshallbediversifiedto
achievethefollowingratios:
i)Landownershavinglandnotexceeding
subsistenceholding..70%

ii)Landownershavingland,exceedingsubsistence
holding,butnotexceedingeconomicholding...20%
iii)Landownershavinglandexceedingeconomic
holding.....10%

Page 3

3
Eligibility
Financecanbeprovidedtoallcategoriesoffarmers(owner,ownercumtenant
andtenant).Thecommercialbankswillnotrejectanyapplicationforagriculturalloan
exceptforthefollowingvalidreasonsthatmustberecordedinwriting:
Theapplicantisnotagenuinefarmer.
TheapplicantsnamedoesnotappearintheRevenuerecords.
Theapplicantisadefaulterofthebankingsystem.
Theapplicantisunabletoproducepropersecurities/sureties/passbook.
Creditproposalinexcessofentitlement.
SmallLoansforAgriculture
TheAgriculturalLoansSchemewasintroducedwitheffectfromDecember1
st

,
1972.Thedefinitionofsmallloanforagriculture,amendedfromtimetotimeisas
under:
i)
Bankloansandadvancesetc.giventofarmerswithholdingupto
25acresformeetingtheiragriculturalproductionrequirementsfor
thepurposeofMandatoryCreditTargets(23031978).
ii)
Allloanstofarmerswhowereexemptedfrompaymentofland
revenue(farmerswithlandholdingofupto25acresofirrigated
landand50acresofunirrigatedland)weretreatedassmallloan
foragriculture(26091978).
iii)
Bankloansandadvancesgivenbythebankstofarmersholding
landupto12.50acresformeetingtheiragriculturalproduction
requirementsweretreatedassmallloansforthepurposeof
MandatoryCreditTargets(20081979).
iv)
Loansandadvancesincludingbillspurchasedanddiscounted
whethercleanorsecured,givenbythebankstothefarmers
holdinglandnotexceedingthesubsistenceholdingasdefined
forvariousProvincesbylawformeetingtheiragricultural
productionrequirements,weretreatedassmallloansforthe
purposeofMandatoryCreditTargets(09021980).
(ThedataforsmallloansiscollectedfromtheBanksthroughstatement
SasperAnnexureI).
SizeofLandHolding
Detailsofsizeoflandholdingsforvariouscategoriesoffarmsindifferent
provincesaregivenasunder:

Nameof
Province
Subsistence
Holding
Economic
Holding
AboveEconomic
Holding
Punjab
Upto12.5AcresAbove12.5Acres
to50Acres
Above50Acres
NWFP
Upto12.5AcresAbove12.5Acres
to50Acres
Above50Acres
Sindh
Upto16Acres
Above16Acres
to64Acres
Above64Acres
Baluchistan
Upto32Acres
Above32Acres
to64Acres
Above64Acres

Page 4

4
Areastobecovered.
TheAgriculturalLoansSchemehasbeendesignedtocoverentirePakistanwith
norestrictionofterritorialjurisdiction.

Surety/SecurityRequiredForAgriculturalLoans

1.
Surety
ThelimitofAgriculturalLoansagainsttwocreditworthysuretiesacceptableto
thebankinlieuofmortgageoflandisRs.100,000/=perfarmerperyear.However,total
guaranteeofoneguarantorshouldnotinanycaseexceedRs.500,000/=exceptinga
ProcessingUnit.
2.
Security
Agriculturalcreditcanbeavailedagainstsecurityofagriculturallandbycreating
chargeunderthepassbooksystem.Bankcanacceptagriculturallandassecurityonthe
basisoftherealizablevalue/forcedsalevalue,insteadofacceptingonlyagriculturalland
assecurityonthebasisofmarketvalueorPIU.ThevalueofperPIUhasbeenfixedat
Rs.400/bytheGovernmentofPakistan,FinanceDivision(InternalFinanceWing),
underNotificationNo.F.3(6)IF/89datedthe17

th

December,1999.
LoanPaymentinCash/Kind
Banksareallowedtoprovideagriculturalloansincashorinkindatthechoiceof
borrowerstomakethemabletopurchaseinputsattheBargainPricefromthemarket.
Multiple/RevolvingLimitofAgriculturalLoans
Bankcanproviderunningfinanceforagriculturalpurposesonthebasisof
multiple/revolvinglimitsforperiodofthreeyearsinadditiontodemandfinance(single
disbursement)undertheSupervisedAgriculturalCreditScheme.Banksarenowallowed
torenewthelimitsautomaticallynotonlyon100%adjustmentofthepreviousloansbut
alsoincaseofpartialadjustmentsiftheseareregularadvances.Bankswillnotaskfor
anyfreshdocumentatthetimeofeachrenewal.
LendingRate
SinceJuly28
th

1997,StateBankofPakistanhasremovedcapontheminimum
lendingratestobechargedbytheCommercialBanksonagriculturalfinancing.Thecap
onmaximumlendingrateswasremovedinOctober1995.Banksarenowfreetocharge
themarkupfromtheborrowers,onthecompetitivebasisdeterminedundermarket
forces.StateBankofPakistanisprovidingcreditlinesonlytoZTBLandPPCBonthe
prevailingGovernmentT.Billratesinthemarket.However,asthemarkupratesinthe
markethavebeenreducedsignificantly,accordinglybankshavealsoreducedtheirmark
upratesinlinewithmarketforcesandthebenefitofsuchreducedmarkupratesisbeing
passedontotheborrowers.CommercialbankshavetodisbursetheirMandatoryCredit
Targetsallocatedtothemfromtheirownsources/deposits.
NormalSowingAndHarvestingTimesof
ImportantCropsinDifferentProvinces.
Thenormaltimesofsowingandharvestingofvariouscropsindifferentprovinces

Page 5

5
asconveyedbyMinistryofFood,AgriculturalandLivestockaregivenasunder:
NormalTimeofHarvesting
NormalTimeofSowing
Name
ofCrop
Punjab
Sindh
NWFP
Baluchistan
Punjab
Sindh
NWFP
Baluchistan
Wheat
Oct/Nov.
Sept/Nov.
Oct/Nov.
Sept/Nov.
May/June.
April/June
May/June
April/June.
Cotton

May/June.April/June
April/May.

Oct/Dec.
Sep/Dec
Oct/Dec.

Rice
June/July.
June/July.
June.
June/July.
Oct/Nov.
Sep/Nov.
October.
October.
Sugar
Cane
Feb/Mar.
Feb/Mar
&Sep/Oct.
March
&
Sep/Oct.
Feb/March
Nov/Mar.
Oct./April.
Nov/March.
Nov.
Tobacco
Jan/March
Sept.
Nov./Dec.&
March
May.
June.
Oct/Nov.
May/June&
Sep/Oct.
Oct/Dec.

IndicativePerAcreCreditLimitForMajorAgriculturalCrops
Theindicativeperacrecreditlimitformajoragriculturalcropsisgivenasunder:
(1)
SugarcaneRs.8,000/
(2)
Paddy
Rs.4,500/
(3)
Wheat
Rs.4,000/

(4)
Cotton
Rs.6,000/
(5)
PotatoRs.11,000/
(6)
Tobacco
Rs.9,000/

(7)
OtherCrops
Asperactualcost.

TheindicativeperacrecreditlimitforWheattobeenhancedupto
Rs.5,000/ifthreshersareborrowed/rentedinbythefarmersforthecrop.
Moreovertheselimitsareonlyindicativelimitsforthepurposeof
guidanceofthebanks.However,banksmayprovidefinanceoverand
above/lesserlimitstotheborrowersdependinguponactualassessmentsat
thetimeoflendings.

MandatoryCreditTargets
1)SBPspoweroffixingtargetsandpenaldeposits
StateBankofPakistanisauthorizedtodeterminethepolicyinrelationto
advancestobefollowedbythebanksingeneralorbyanybankinparticular.In
accordancewiththeabovepowers,theSBPhasbeenprescribingmandatorycredittargets
forNCBs/ABL/MCB/UBLonyearly/halfyearlybasissince1972.
Thetargetsallocatedtocommercialbanksareadvisedonsixmonthlybasiswith
theratioof40:60i.e.40%forthefirsthalfand60%forthesecondhalf.UnderSection
25(4)ofBankingCompanyOrdinance,SBPisauthorizedtopenalizethebanksasking
themforkeepingspecialdepositswithSBPforsuchanamountandonsuchtermsand
conditionsasmaybelaiddownbySBPinthisbehalf.Thusanyshortfallinmeetingsuch
targetshadtobedepositedwithSBPwithinterestfreeaccount.Howevernetpenal
depositsremainingwithSBPforsixmonthswillberefundedtothebanksevenifthe
shortfallinMandatoryCreditTargetsremainsunmet.(Thedataformonitoringofthe

Page 6

targetsiscollectedfromthebanksasperstatementTAnnexureIIandanother
statementAnnexureIII).
2)DistributionofMandatoryCreditTargets
intoProductionandDevelopmentLoans.
Banksarenowfreetoextenddevelopmentloanstofarmersotherthansmall
farmersupto50%oftheirtargets(MainAgriculture)subjecttotheconditionthatthey
shallensuretomakefinancingoftheremaining50%oftheirmandatorycredittargetsto
smallfarmersforproduction/croploan.ThedatainrespectofDisbursement&Recovery
onhalfyearly/yearlybasisthroughX&Ystatements,monthlyandcumulative
positionofDisbursement&RecoverythroughstatementsDandRformonitoringthe
disbursement&recoverypositionholdingwise,purposewiseandprovincewiseasper
AnnexureIVVII.
3)AgriculturalCreditFacilitiesCovered
underMandatoryCreditTargets.
1.Leasingfinancingfacilitiestothefarmersundertheschemefor
tubewells,tractors,harvesters,etc.withthebanksforavailing
agriculturalcreditifthesearefreefromallencumbrances.
2.Equityparticipationbybanksincorporateagriculturalfarmunits.
3.Financingbythebanksforexportofagriculturalproductsby
farmers/marketingcompaniestobeapartofagriculturalfinancing
onitemslikerawcotton,cottonyarn,muttonandbeef,wooland

animalhair,fishotherthanfrozenandpreserved,foodstufffor
animals,allgrains,fertilizercrude,oilseeds,nutsandkernels,live
animals,etc.,withoutrefinancefromSBPonsubsidizedbasis.
4.NonfundbasedfacilitiesextendedbybanksforCorporate
Farming.
5.Thecreditthatisdisbursedbybanksforprocessingofcropsother
thanmajorcrops(viz.Wheatflourmills,Cottonginningfactories,
Sugarmills,Ricehuskingmillsetc.)andpolishingandgradingof
fruits.
6.Thecommercialbankslendingtomicrocreditinstitutions,
recognizedNGOandRuralSupportOrganization.
7.ThecommercialbanksfinancingtoZTBLforonwardlendingto
farmers.Thisalsoincludesinterbanklendings(participating
banks)foronwardfinancingforagriculturalpurposesasdefinedin
theScheme.
8.Agricultureloansbybanksforexportoffruits,vegetables,poultry,
livestock,dairyfarmingandtobaccomarketing.
9.Thecommercialbankslendingtofarmersthroughdiscountingof
deferredpaymentvouchersofTobacco,Sugarcane,andprocessing
units.
10.Thefinancingmadebybanksagainstmortgageofanyproperty
ruralorurban,earmarkingofdeposit,lienonDefenseSaving
Certificate(DCS),SpecialSavingCertificate,GoldandSilver
Ornaments,ifsuchcreditisobtainedbythefarmersfor
agriculturalproductiononly.

Page 7

11.Thereisnorestrictiononthebankstoprovideagriculturalloansto
thefarmershaving/belowsubsistenceholdingiePunjab&NWFP
(upto12.5acres),Sindh(upto16acres)andBalochistan(upto32
acres)forpurchaseofnew/oldtractorssubjecttocompletionof
requiredformalities.(Thedatafortractorfinancingiscollected
frombanksasperStatementTGLQ(AnnexureVIII).
12.Thecreditprovidedbybankstofarmers/growers/otherprivate
sectorsforconstructionofcoldstorages/godowns/silosandother
structuresforstorageofagriculturalproduceatadebtequityratio
of60:40atnormallendingrate.Thedataforthisitemiscollected
frombanksasperStatementTGLQ(AnnexureVIII)onmonthly
basis.
13.Thefinancingmadebybankstoleasingcompaniesforproviding
agriculturalequipments/machinesonleasing/rental/hiringbasisto
thegrowers/farmers.Thedataforthisitemiscollectedfrom
banksasperStatementTGLQ(AnnexureVIII)onmonthlybasis.
14.Thecreditprovidedbybanksforprocessingofhighqualityseeds
toSeedProcessingUnits.Thedataforthisitemiscollectedfrom
banksasperStatementTGLQ(AnnexureVIII)onmonthlybasis.
15.Thefinancingprovidedbybanksforpreparationandinstallationof

steel/metalcapsulesforstorageofallagriculturalproduce.
4)EligibleItemsforAgriculturalCredit.
ThelistoftheeligibleitemsforagriculturalcreditunderAgriculturalLoans
SchemeisattachedasAnnexureIX.
GUARANTEE
Bonafidelossesincurredbythebanksduetononrecoveryofanagriculturalloans
madeunderthescheme,asprovedtothesatisfactionofSBP,wouldbeguaranteedupto
50%intermsofSection17D(2)oftheStateBankofPakistanAct,asamendedbythe
StateBankofPakistan(amendment)act,1972.Theseloanswouldbequalifiedfor
bonafiedlossessubjecttofulfillmentofthefollowingconditions:
I.Loanshavebeengivenstrictlyinaccordancewiththeprovisionof
thescheme.
II.Allformalitiesrequiredpriortothesanctionanddisbursement
havebeenmeticulouslyobserved;and
III.Alleffortsforrecoveryofloansincludinglegalremediesavailable
tothebankshavebeenexhausted.
(Presentlythisfacilityisprovidedonlytobigfivecommercialbanksto
whichAgriculturalCreditTargetsaregivenonmandatorybasisrather
thanvoluntarybasis.)
OtherprovisionsoftheAgriculturalLoansSchemeshallremain+
unchanged.
ListofAnnexures
IIX.Detailsofincomingstatements(province/areawise)requiredfrom
banksformonitoringpurposesandListofEligibleItems.

Page 8

DetailsofAnnexures

(Detailsofincomingsstatements(province/areawise)requiredfrombanksfor
monitoringpurposesandListofEligibleItems)
I.StatementSmonthlystatementofagriculturalloansqualifyingforStateBank
Guaranteeattheendof.month/year.
II.StatementTmonthlystatementregardingcredittargetsonthelastworkingday
of.month/year.
III.Disbursementofagriculturalcreditbycommercialbanksforthemonthof
..month/year.
IV.StatementXAgriculturalLoansdisbursedonhalfyearly(JulyDecember)and
yearly(JulyJune)basis.month/year.
V.StatementYshowingthepositionofrecoveryofagriculturalloansduringthe
periodonhalfyearly(JulyDecember)andyearly(JulyJune)basis..
month/year.
VI.StatementDshowingthepositionofdisbursementofagriculturalproductionand
developmentloansforthemonthof(month&year).
VII.StatementRshowingmonthly&commulativepositionofrecoveryof
agriculturalloansforthemonthcommulativeperiod,i.e.,fromJulyto
..year..
VIII.StatementTGLQshowingprovincewisedataoffinancingforpurchaseoftractors,

constructionofwheatstorage(silosandotherwheatstorageareas),finance
providedtotheLeasingCompaniesbytheBanksforthepurposeofproviding
agriculturalequipments/machinesonleasing/rental/hiringbasistothefarmersand
financeprovidedtothefarmers/borrowersforpurchaseofhighqualityseed
processingunitsduringthemonthof(month&year).
IX.ListofEligibleItemsforAgriculturalCredit.