The State Bank of Pakistan has extended agricultural loans tenure from three to five years for Small and Rural Enterprises under the Credit Guarantee Scheme to facilitate eligible farmers to purchase tractors and other agriculture implements.
A circular letter of SBP addressed to all banks and micro finance banks, issued today said.
To avoid portfolio concentration in tractor and other implements financing, the aggregate financing under this category shall not exceed 20% of the total allocated guarantee limit of the bank, the circular added.
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