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Mission Statement
To
mainstream the agriculture and rural finance sector in the country’s
financial system as a commercially viable and attractive business
line and to catalyze growth and activity in the sector through
sector friendly policies.
Vision
Statement
To
transform ACD into a professional and dynamic Rural Finance Support
Department, fully equipped to play a leading role in development
of a sound, stable and robust agriculture and rural finance sector
in the country.
About
Us
Agricultural
Credit Department, established under Section 8(3) of SBP Act 1956
and headed by a Director, is working within the overall charge
of ED/ Advisor on Development Finance. The Department is mainly
responsible to meet credit needs of agriculture, being mainstay
of Pakistan’s economy, generating nearly one fourth of the
total out put and 42% of total employment and is a major source
of foreign exchange earnings. Other functions of the department
are as under:-
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Operate
as a focal point in SBP for all agri. finance related policies,
programs and projects in consultation with Federal &
Provincial Governments/ departments, banks, SBP-BSC Offices
and farming community. |
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Maintain
an expert staff to study all questions of agricultural credit
and be available for consultation by the federal government,
provincial governments, provincial cooperative banks and
other banking organizations. |
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Assess
credit requirements of the farm and non-farm sectors in
rural areas in collaboration with provincial planning departments. |
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Review
the issues & challenges faced and developments taking
place in agriculture finance and formulate policies for
banks accordingly. |
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Allocate
annual indicative credit targets and monthly monitor the
agri. loans disbursements against these targets. |
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Compile
& disseminate periodical data on agriculture finance
for use & analysis by the bank, government and general
public. |
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Conduct
ACAC and PSCAC meetings bi-annually. |
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Initiate
and undertake information dissemination and awareness building
programs for farmers and special training programs for commercial
banks. |
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Liaise
with MINFAL, Insurance companies, Provincial Agriculture
Departments, revenue authorities, banks, etc. to redress
issues in flow of credit to agriculture sector. |
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Monitor
SBP credit lines to PPCBL & ZTBL. |
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ORGANIZATION: |
The organization of the Department is spread over the following
Divisions:
| 1 |
Agricultural
Credit Estimation & Target Monitoring Division |
| 2 |
Agriculture
& Rural Finance Policy Division |
| 3 |
PSCAC
Secretariat/ Coordination & Services Division |
Brief functions of
each Division are as under:
I. Agricultural Credit Estimation & Target Monitoring Division
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Agricultural
credit estimation/ assessment in consultation with stakeholders. |
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Allocation
of indicative agricultural credit targets to banks. |
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Periodical
monitoring of agricultural credit targets. |
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Undertaking
all functions relating to ACAC. |
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Follow-up
for implementation of ACAC decisions. |
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Monitoring
Credit lines to PPCBL & Zarai Taraqiati Bank Ltd. |
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Managing
the claims of bonafide losses of five big commercial banks. |
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Collection
of periodical agri. finance data from banks and its dissemination. |
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Responding
to Senate/ National / Provincial Assembly questions. |
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Preparation
of reviews/ write-ups on agri. credit for various publications. |
II. Agriculture & Rural Finance Policy Division
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Reviewing
agri/ rural finance in terms of issues/ challenges faced,
developments taking place in agriculture/ rural finance
both in the country and elsewhere, developing an adequate
knowledge and information base for policy formulation, etc. |
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Introducing
new products, schemes, guidelines in agri/ rural finance
in consultation with banks and stakeholders to catalyze
growth and activity in the sector. |
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Providing
guidance to banks in understanding agri/ rural finance policies/
issues/ PRs of SBP, etc. |
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Formulation
of agriculture & rural finance policies in consultation
with stakeholders. |
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Coordination
with Federal and Provincial Government departments on agriculture
finance policies and issues. |
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Reviewing/
amending existing agri/ rural finance policies, instructions
and Prudential Regulations, etc. based on new developments
and feedback from stakeholders. |
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Organizing
periodical meetings with agri. heads to discuss their performance
and issues being faced in agriculture finance. |
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Acting
as an executing agency for SBP component of Agribusiness
Finance Development Project of ADB. |
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Managing
developmental projects of the department in collaboration
with other divisions/ units/ departments. |
III.
PSCAC Secretariat/ Coordination & Services Division
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Coordination
with stakeholders and formulation of working groups/ committees
for making recommendations to increase the flow of credit
to various sectors of the economy. |
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Preparing
working papers for the PSCAC meetings. |
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Conducting
the meetings. |
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Preparation
of minutes and follow-up action plans. |
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Implementation
of follow-up actions in collaboration with all concerned. |
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Administration,
logistics, dispatch and support services for smooth running
of the Department. |
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Preparation
of Business Plan & Budget for the Department. |
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Initiating
and undertaking information dissemination and awareness
building programs for farmers and special training programs
for commercial banks. |
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| Important
Events / Data |
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