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PPCBL advances Rs 2.06 billion for Rabi crops




  •  The Public Provincial Cooperative Bank Ltd (PPCBL) has advanced Rs 2.06 billion for sowing, maturing and harvesting 2012-13 Rabi crops to 84,311 small farmers through 11,509 cooperative societies in the province till March 20. 

    Registrar Cooperatives Punjab Dr Arshad Mahmood said here on Wednesday that PPCBL was extending maximum facilities and loans to the small land holders so that they could increase per acre yield of various crops including wheat, grams, mustards, oil seeds, vegetables for the food security of the nation. 

    He said farmers had repaid their loans extended for the Kharif crops 2012 to the tune of 98.64 percent, adding PPCBL field staff should make efforts to recover the non-performing loans. It may be added that according to schedule, PPCBL will start advancing loans for the 2012-13 Kharif crops including cotton and rice next month. PPCBL is advancing loans worth Rs 3 billion to small land holders for Rabi crop, this was told by Registrar Maqsood Qadir Shah at a meeting of senior officers of the bank chaired by its Secretary Khalid Pervaiz here on Friday. 

    Copyright Business Recorder, 2013

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