Saturday, August 22, 2009
Agriculture Development Bank
Zarai Taraqiati Bank formerly known as Agriculture Development Bank of Pakistan is now one of the main credit supplier to the agriculture sector in the country. It was established in 1961 by the merger of Agriculture Development Finance Corporation (ADFC) and the Agriculture Bank of Pakistan (ABP). The Zarai Taraqiati Bank (ZTBL) or Agricultural Development Bank of Pakistan has its head office in Islamabad. It concentrates on modernization of agriculture, increased farm productivity with emphasis on the provision of credit to small farmers and rural women. The credit is provided to the farming community for the purchase of primary inputs like fertilizers, pesticides, machinery, poultry farming, dairy farming etc. It aims at rural self-employment and poverty reduction of the farmers in the villages. The ZTBL advances short, medium and long term loans to the farmers. The short term loans are given for financing the cost of raising, processing and marketing of crops and other agro based industries. The medium term loans are provided for the purchase of agricultural implements, levelling of land and setting up of agro-based industries. The long term loans are provided for the purchase of tractors, installing of tube-wells, construction of ware houses etc. The various loan operation of given below.
1. DISBURSEMENT OF LOANS
Total agricultural loans amounting to Rs. 93 Billion were disbursed to the farming community for the purchase of primary inputs, tractors, poultry and live stock sector in 2004-05. Its share in the supply of total agricultural credit was 34.1%.
2. ROLE IN POVERTY REDUCTION
ZTBL is supplementing the Government’s programme for poverty alleviation. It is providing financial assistance to rural poor in
(i) Credit programme for women and (ii) Micro credit scheme.
3. FARM MECHANIZATION AND WATER RESOURCE DEVELOPMENT
The ZTBL is helping the Government for increasing farm productivity and achieving self-sufficiency in food production. For achieving this objective, the Bank has played a Key role in providing finance for the purchase of tractors, installation of tube-wells, threshers, combine harvesters and other farm implements which help in increasing farm yields.
4. ONE WINDOW OPERATIONS
The provision of loans to the farmers at one place is the most successful scheme of the Bank. The small farmers holding 26 acres of irrigated land or 50 acres of un-irrigated land are getting benefit under this scheme.
5. CREDIT TO WOMEN PROGRAMME
The main object of this scheme of ZTBL is to make credit available rural women through female Mobile credit officers. The Bank under this scheme has disbursed very large amount in rural women for farming and non-farming activities such as poultry, fishery, orchard, forestry etc.
6. MICRO CREDIT SCHEME
The ZTBL has launched Micro Credit Scheme since 2000 to engage rural poor in increasing income through engagement in cottage industries.
7. REVOLVING FINANCE SCHEME
This scheme is operational since 1999. Under this scheme the loan is provided to the credit worthy of farmers for meeting the seasonal agricultural requirements.
About : Raja CRN
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