ZTBL, NBP to give agri loans at reduced rate of 9.9%

ISLAMABAD, Aug 2 (APP): Zarai Taraqiati Bank Limited (ZTBL) has disbursed loans of Rs. 90,976.6 million during 2015-16 to facilitate farmers and increase agriculture produce.

Of the total loan disbursement Rs. 74,297.6 million were
provided to farmers in Punjab, Rs. 12,197.2 million in Sindh,
Rs. 3,624.3 million in Khyber Pakhtunkhwa (KPK), Rs. 248.9 million in Balochistan, Rs. 312.6 million in Gilgit Baltistan (GB) and Rs. 296 million were disbursed amongst farmers of Azad Jammu and Kashmir (AJK).

Data issued by Statistics Division on Tuesday showed that
Federal government increased agriculture credit availability to
Rs. 600 billion for agriculture financing.

During July 2015 to June 2016, the banks have disbursed
agriculture loans of Rs. 598.3 billion which is 99.7 per cent of
annual target of Rs. 600 billion with 16 per cent growth from last year disbursement of Rs. 515.9 billion.