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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Ecobank apart from the bank s lending to agricultural sector, has supported many stakeholders in the sector to obtain BoI loans and different CBN-support facilities for agriculture, such as Commercial Agricultural Credit Scheme (CACS), Nigeria Incentive-based Risk Sharing for Agricultural Lending (NIRSAL) at a single digit interest rate.
KARACHI -- Banks surpassed the agricultural credit disbursement target set by the SBPs Agricultural Credit Advisory Committee (ACAC) for the year ending June 2015.
Khartoum,March 30 (SUNA) - The General Director of the Agricultural Bank , Salah-Eddin Hassan Ahmed, announced that the the bank has won the International Qyality Prize in Germany for perfect performance and providing agricultural credit services by meeting the standards of customer satisfaction, leadership, continuous education and training, and meeting the results of the International Organization for Standardization (ISO) 9001,14001 and 22000 according to ISO specifications.
11(Petra) --General Director of the Agricultural Credit Corporation (ACC) Mohammad Hiari and the representative of the Food and Agriculture Organization of the United Nations (FAO) in Jordan, Nasir al-Din Hajj al-Amin, Wednesday discussed cooperation between the two bodies.
He also pointed to 66,000 tonnes in losses due to pests and rodents, when crops are stored in poorly equipped warehouses with the Principal Bank for Development & Agricultural Credit.
Agricultural credit is a type of directed credit that is granted to people for expanding agricultural products [10], Agricultural credits are granted for farmers in two types, operating and investment credits.
According to the source, Mahjebwaswanted for several terrorist operations in Hodeidnd other provinces, including storming and looting the Cooperative and Agricultural Credit Bank (CAC Bank) in Hodeida late in 2012.
The Agricultural Credit Corporation JSC has approved applications for 11 billion tenge for the spring sowing and harvesting campaigns in Kazakhstan in 2014, the press service of the company said Wednesday.
The company has over 400 employees and conducts business through 25 branch offices, an online branch, a real estate industries centre, an agricultural credit centre, and an SBA centre.
The committee was seized with the matter of the availability of agricultural credit to the farming community which recommended easy availability of credit to the farming community.
after discussing the final draft of the Agricultural Credit Project in Ramallah.
The Fund also approved opening a credit line to finance the export of national goods and services worth $ 25 million for the Bank of Cooperative and Agricultural Credit of the Republic of Yemen.

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