KARACHI - Agricultural credit disbursement by commercial and specialised banks rose 8.66 per cent year-on-year to Rs 80.952 billion in the first five months (July-November) of the current 2009-10 fiscal year (FY10). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 6.448 billion in July-November, 2009, when compared with total disbursement of Rs 74.504 billion in the same period last year. Overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, MCB Bank Limited, National Bank of Pakistan and United Bank Limited stood at Rs 44.936 billion in July-Nov, 2009, compared with Rs 38.511 billion in July-Nov, 2008, depicting an increase of Rs 6.425 billion or 16.68 per cent. Zarai Taraqiati Bank Limited, the largest specialised bank, disbursed a total of Rs 21.824 billion in July-Nov, 2009, up 19.41 percent when compared with Rs 18.277 billion in the same period last year, while disbursement by Punjab Provincial Co-operative Bank Limited stood at Rs 865.607 million in July-Nov, 2009, compared with Rs 1.058 billion in the same period last year. Besides, 14 domestic private banks also loaned a combined Rs 13.327 billion in July-Nov., 2009 compared with Rs 16.658 billion disbursed in July-Nov., 2008. It may be recalled that the State Bank of Pakistan has set an indicative agricultural credit disbursement target of Rs 260 billion for FY10. Banks disbursed a total of Rs 233.01 billion to the agricultural sector in FY09.