Agricultural credit disbursement by banks surged by 13.21 percent on year-on-year basis to Rs 169.42 billion in the first seven months (July-January, 2013) of the current fiscal year (2012-13).
In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 19.77 billion in July-January, 2013 when compared with the total disbursement of Rs 149.65 billion in the same period of the last fiscal year.
Overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, Muslim Commercial Bank Limited, National Bank of Pakistan and United Bank Limited stood at Rs 89.65 billion in July-January, 2013 as compared with Rs 82.46 billion disbursed in July-January, 2012 depicting an increase of Rs 7.19 billion or 8.72 percent.
Zarai Taraqiati Bank Limited (ZTBL), the largest specialised bank, disbursed a total of Rs 26.22 billion in July-January, 2013 as compared with Rs 26.36 billion disbursed in the same period of the last fiscal year. Punjab Provincial Cooperative Bank Limited (PPCBL) disbursed Rs 4.65 billion in July-January, 2013 down by 6.46 percent when compared with Rs 4.98 billion disbursed in the same period of the last fiscal year.
Fourteen domestic private banks also loaned a combined amount of Rs 38.81 billion in July-January, 2013 up by 33.85 percent as compared with Rs 28.99 billion disbursed in the same period of the last fiscal year.
Five Microfinance Banks including Khushhali Bank Ltd., NRSP Microfinance Bank Ltd., The First Microfinance Bank Ltd., Pak Oman Microfinance Bank Ltd. and Tameer Microfinance Bank Ltd. disbursed agricultural loans amounting to Rs 10.06 billion during July-January, 2013 as compared to Rs 6.85 billion disbursed in the same period of the last fiscal year.
It may be pointed out that the State Bank of Pakistan has provisionally set an indicative agricultural credit disbursement target of Rs 315 billion to banks for the current fiscal year.
According to economic y survey of Pakistan the credit increase on yearly basis while the planner did not checked the inflation of the inputs and demand of the field to how much amount is required for the future and without knowledge increase the supply of loan not according to field demand. The demand of loan of the field is greater than the supply loan because of this shortage of loan occurred and the farmer not obtained a required loan which directly affect the growth of the crops.
The policy maker do not go to field for the purpose of analysis and on hypothesis basis prepare the loan policy, so the plagiarized data affect the policy of the loan which can not achieved the specific objectives of the country. Instead of benefits the policy damaged the activities of the farmers make his condition worse than before. It is the duty of the policy maker to not used the plagiarized data while observed the real situation of the problem like scientist their selves for policy making. In economic survey also plagiarized data is existed. Therefore how this policy developed the agricultural sector growth in the country
As like model for every development there are so many factor involve in development of the country. Some factors have a positive role while some have negative , so through research those factors identification is necessary to know that which is negative and which one is positive because without knowledge best policy preparation for any country is impossible. So it is requested, to every organization has a best team of research and without research its impact measurement is impossible.
It is also requested to bank organization that they have a developed team of research which practically involve in field research and observed the real situation of the loan utilization and also checked the final out put of the farmer to how much production they have obtained from their field and then see the marketing process where the production distributed and how much amount come in the pocket of the grower and then compare the loan interest amount and increase amount of the output to how much the product amount is greater than the interest amount because the farmer know business is beneficial or non beneficial. As research analyze the situation and keep the record of every activity in the register because to use in future for the farming activities
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