Agricultural Credit


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Agricultural Credit

Any loan or other extension of credit that a bank provides for agricultural or other rural use. Most agricultural credit finances farmers or ranchers as they plant crops, buy equipment, harvest, or do other things necessary for operations but from which profits will not be realized for quite some time. The term of agricultural credit depends on how expensive the product or project it intends to finance is. See also: Federal Farm Credit Bank, Farmer Mac.
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The company's unit Hareon Swiss Holding AG will partner on the projects with General Directorate of Agricultural Credit Cooperative Central Union (TKKB) and Ilb Helios Energy Ltd Co (ILB) under a recently signed cooperation agreement.
ISLAMABAD, September 15, 2011 (Frontier Star): National Bank of Pakistan (NBP) has disbursed agricultural credit of Rs.
The State Bank of Pakistan has set the indicative target of Rs 270 billion for agricultural credit disbursement for the current fiscal year 2010-11.
Under the scheme, agricultural credit will be provided to the farmers for canola cultivation in 17 affected districts as identified by MINFA.
The Bank has $997 million in total assets and currently maintains eighteen branch offices and two agricultural credit centers.
A decree from the Minister of Finance, Armando Manuel, stated that the government of Angola has cut interest rates for the beneficiaries of loans in the Agricultural Credit Campaign from 5 percent to 2 percent.
KARACHI, August 05, 2011 (Frontier Star): The banks achieved more than 97 percent agricultural credit disbursement target during the last fiscal year 2010-11 despite devastating floods in the country that damaged vast agriculture infrastructure and caused huge losses to standing crops.
Shahid H Kardar, Governor, State Bank of Pakistan, has constituted a special committee which will devise a strategy in consultation with the federal and provincial governments and other stakeholders for the growth of the agricultural credit in the country.
KARACHI, June 21, 2010 (Balochistan Times): Agricultural credit disbursement by commercial and specialized banks rose 6.
The Bank has close to $950 million in total assets and currently maintains eighteen branch offices and two agricultural credit centers.
The company~s unit Hareon Swiss Holding AG will partner on the projects with General Directorate of Agricultural Credit Cooperative Central Union (TKKB) and Ilb Helios Energy Ltd Co (ILB) under a recently signed cooperation agreement.
KARACHI, August 05, 2011 (Frontier Star): Banks achieved over 97 percent agricultural credit disbursement target during the last fiscal year 2010-11 (FY11) despite devastating floods in the country that damaged vast agriculture infrastructure and caused huge losses to standing crops.

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