These banks advance loans to cultivators for long term needs such as the paying off old debts, purchasing of land, purchasing costly machinery and effecting permanent improvement of land. They keep expert evaluators of land and on receipt of an application for loan.they get the land valued and find out that the land is not ready pledged or encumbered.They do not advance money for more than 50% value of the land mortgaged with them. Hardly there is a bank of such a nature in Pakistan, although the need for them is very great.
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