The Punjab Provincial Co-operative Bank Ltd (PPCBL) has recovered agriculture loans of Rs 2.05 billion advanced to the member farmers for 2011-12 Rabi crops including staple food wheat, oil-seeds, lentils, barleys, grams etc. The recovery of loans is 95.72 percent of the total loans advanced to the members during Rabi season.
This was stated in a meeting presided over by Registrar Co-operative Societies Muhammad Shehryar Sultan in connection with performance of the co-operative bank on Friday. The meeting was informed that PPCBL had advanced loans amounting to Rs 2.036230 billion among its 84,252 members of 11,454 registered cooperative societies till 31st July 2012 for sowing and maturing of Kharif crops cotton, sugarcane, paddy, maize, vegetables, fodder and other summer crops. Sultan said that the Co-operative Bank has set a target to extend loans amounting to Rs 2.5 billion to the farmers till 15th August so that they could purchase necessary agriculture inputs like fertilisers, seeds, pesticides, etc for increasing per acre crop yield.