SBP allows alternatives to Khasra Girdawari for agri loans

MG News | November 15, 2024 at 03:12 PM GMT+05:00

0:00

November 15, 2024 (MLN): Considering the challenges faced by banks in obtaining Khasra Girdawari from borrowers for processing agriculture loan applications, the State Bank of Pakistan (SBP) now permits the use of a Digital Survey Report and Bonafide Certificate as alternative documents.

According to a notice issued by the central bank, the banks may now use any of these documents as an alternative to Khasra Girdawari to verify and monitor the farming activity.

These documents include:

Digital Survey Report: Based on digital geo-fencing or remote sensing through satellite images of the farm where the farmer plans to or is currently engaged in farming activities. Banks will establish formal arrangements with reputed agri-tech companies or institutions providing such services.
Bonafide Certificate: A document detailing the crops and cultivation activities, duly signed by the bank's designated staff (sample attached).

Copyright Mettis Link News

Related News

PVARA seeks global partners to build secure, inclusive digital finance ecosystem

Key Pakistan Market Stats and Economic Indicators

Wheat prices break past official ceilings

Name	Price/Vol	%Chg/NChg
KSE100	154,439.68 241.10M	-1.09% -1701.56
ALLSHR	94,668.16 984.91M	-0.80% -765.63
KSE30	47,119.91 93.25M	-1.26% -600.63
KMI30	226,125.72 147.15M	-1.17% -2674.34
KMIALLSHR	63,569.05 456.03M	-0.92% -592.28
BKTi	41,622.83 56.72M	-1.28% -538.80
OGTi	31,488.79 10.15M	-1.08% -344.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,850.00	117,320.00 114,850.00	1920.00 1.67%
BRENT CRUDE	66.88	68.17 65.71	0.51 0.77%
RICHARDS BAY COAL MONTHLY	84.00	84.00 84.00	-1.90 -2.21%
ROTTERDAM COAL MONTHLY	93.00	93.25 92.75	0.00 0.00%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.60	63.98 61.69	0.23 0.37%
SUGAR #11 WORLD	15.81	15.87 15.67	-0.01 -0.06%