MCB Bank Limited (MCB) has introduced Millat Tractor Kasan Program to provide agri-credit to farmers.
A Memorandum of Understanding (MoU) has been signed between the two organizations by Zargham Khan Durrani, Head Retail Banking, MCB and Syed Muhammad Irfan Aqeel, Chief Executive Officer, MTL at a ceremony held in Lahore. Other senior executives of the Bank and MTL were also present on the occasion. The MoU was signed to increase cooperation between the Bank and MTL for farm mechanization and to support the farming community at large. Dealers at MTL and officials at the Bank will be working in close coordination to extend credit facilities to the farmers in need of tractors and implements. Zargham Khan Durrani and Syed Muhammad Irfan Aqeel expressed their pleasure at the signing ceremony; they hoped that MCB and MTL’s collaboration will be helpful for the farmers and will be a source of upsurge for the overall agribusiness of Pakistan.