UTILIZATION OF AGRICULTURE CREDIT BY THE FARMING COMMUNITY OF ZARAI TARIQIATI BANK LIMITED (ZTBL) FOR AGRICULTURE DEVELOPMENT

The capital is considered as one of the basic essentials for boosting vital sector of agriculture. It plays an important role in agricultural development because timely availability of capital leads to adoption of improved seed, fertilizer and modern technologies, which increase the farm production and ultimately the growth rate. Therefore, agriculture credit is an important element for modernization in agriculture and uplifting Pakistan’s economy. So, the present study was designed to analyze the utilization of agriculture credit as received by the farming community of tehsil Faisalabad from Zarai Tariqati Bank Limited (ZTBL). A sample of 120 loanees was selected randomly. The collected data were analyzed with the help of Statistical Package for Social Sciences (SPSS) to draw conclusions and to formulate recommendations. It appeared from the results that the credit for agri. purposes was also used for partially for other purposes. It was utilized for livestock and poultry production, and household needs along with crop rising activities. There is a dire need to make it sure that all agri. credit be utilized for the same purpose for which it was obtained.