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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Primary Agricultural Credit Cooperative societies play an important role in meeting the growing credit needs of rural India, especially for small and marginal farmers.
However, farm bills typically include titles on agricultural trade and foreign food aid, conservation and environment, forestry, domestic food assistance (primarily food stamps), agricultural credit, rural development, agricultural research and education, and marketing-related programs.
The Agricultural Credit Improvement of 1992 required the formation of the committee.
ACDI/VOCA'S Mobilizing Agricultural Credit (MAC) program ended in June after six years of success that some doubted was possible.
In less developed countries like Pakistan where savings are negligible especially among the small farmers, agricultural credit appears to be an essential input along with modern technology for higher productivity.
Two state banks, the Agricultural Credit Bank (ACB) and the National Development Bank (NDB) will share the risk with BNS for some under-collateralized projects.
Certainly no one has done as complete an analysis of the appellate cases on agricultural credit and tenure.
This development had particular implications for the smallest banks, where agricultural credit represents a substantial 10 percent of their portfolio and where more than 70 percent of all loans to farmers are booked.
For example, he says there has been little or no research on the issue of agricultural credit. Similar, there's been almost no research on soil, even though 10 to 15 years of basic research in this area may be necessary to overcome the continent's low soil fertility and problems such as striga (a parasite that attaches itself to the roots of millet and sorghum, greatly reducing yields).
KARACHI -- Banks made disbursements of Rs 1,174 billion or 94% against the ambitious target of Rs 1,250 billion set by State Bank of Pakistan's (SBP) Agricultural Credit Advisory Committee for the fiscal year 2018-19.
Agricultural lending rose to a staggering Rs 1.2 trillion as banks failed to meet their target for agricultural credit for the financial year 2018-19.
The government's Production Loan Easy Access (PLEA) program has given out P1.64 billion in funds nationwide in 18 months of implementation, benefiting 33,150 small farmers and fishers, according to the Agricultural Credit Policy Council (ACPC).

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