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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During the first six months of this year, Azerbaijan's Agency for Agricultural Credits and Development increased its loan portfolio to 96.7 million manats, chairman of the agency Mirza Aliyev said at a press conference on the results of the first half of this year,Trendreports.
"The task was to support agricultural complex, the Tsesnabank accounts for 65% of agricultural credits issued.
Addressing the concluding ceremony of soil fertility project here, he said better crop output required timely and adequate use of inputs like certified seeds, balanced use of fertilizers and provision of agricultural credits.
Role of Agricultural Credits and Efficiency of Commercial Banks in Pakistan.
Asad Shah, BOK Head Agricultural Credits Gul Kiaz Khan, BOK Chief Manager Haripur Branch Malik Jehanzeb Khan, Head Agricultural Department University of Haripur Dr.
So they told USDA to be as generous as [it could] with agricultural credits."
The Agency for Agricultural Credits and Developmenthas started applying new rules for the sale of agricultural equipment on preferential terms, the Azerbaijan's Ministry of Agriculture reports.
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.
Besides, SBP Senior Joint Director Muhammad Imaduddin, BOK's EVP & Group Head Credits, Imran Samad, SBP Joint Director, Ikramullah Qadri, SBP Chief Manager Rawalpindi, Asad Shah, BOK Head Agricultural Credits,.
This is stipulated by the "Procedure for using funds of the Agency for Agricultural Credits and Development under the Ministry of Agriculture", approved by decree of Azerbaijani President Ilham Aliyev "On Improving Leasing Activities in Agriculture and State Support to Agriculture".
The State Service on Management of Agricultural Projects and Credits was established by the decree of Azerbaijani President Ilham Aliyev in October 2014 on the basis of the State Agency for Agricultural Credits under the Ministry of Agriculture.
The transition of agriculture from traditional to modern farming techniques is based on adequate availability of inputs like certified seeds, balanced use of fertilizers, mechanization, and agricultural credit.

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