As per Lawkidunya, In Pakistan, the following laws and regulations govern agricultural loans:

Laws and Regulations

1. Agricultural Credit Act, 1973: Regulates agricultural credit institutions and provides for the provision of credit to farmers.
2. Banking Companies Ordinance, 1962: Regulates commercial banks and their lending activities, including agricultural loans.
3. Cooperative Societies Act, 1925: Regulates cooperative societies, which provide financial services, including agricultural loans, to their members.
4. Microfinance Institutions Ordinance, 2001: Regulates microfinance institutions, which provide small loans, including agricultural loans, to low-income households.
5. State Bank of Pakistan Act, 1956: Establishes the State Bank of Pakistan as the central bank of Pakistan and regulates its functions, including the regulation of agricultural loans.
6. Agricultural Development Bank of Pakistan Act, 1961: Establishes the Agricultural Development Bank of Pakistan, which provides loans and other financial services to farmers.
7. Zarai Taraqiati Bank Limited Act, 1961: Establishes the Zarai Taraqiati Bank Limited, which provides loans and other financial services to farmers.

Regulations

1. State Bank of Pakistan’s Prudential Regulations: Regulate the lending activities of commercial banks, including agricultural loans.
2. Agricultural Credit Regulations: Regulate the provision of agricultural credit by financial institutions.
3. Microfinance Regulations: Regulate the provision of microfinance services, including agricultural loans, by microfinance institutions.
4. Cooperative Societies Regulations: Regulate the operations of cooperative societies, including their lending activities.

Key Provisions

1. Interest Rates: Regulate the interest rates charged on agricultural loans.
2. Loan Terms: Regulate the terms and conditions of agricultural loans, including repayment periods and collateral requirements.
3. Eligibility Criteria: Regulate the eligibility criteria for agricultural loans, including the requirements for land ownership and farm size.
4. Credit Guarantee: Provide for credit guarantees to farmers, which can help to reduce the risk of lending to farmers.

Enforcement

1. State Bank of Pakistan: Responsible for enforcing the regulations governing agricultural loans.
2. Securities and Exchange Commission of Pakistan: Responsible for enforcing the regulations governing microfinance institutions.
3. Cooperative Societies Department: Responsible for enforcing the regulations governing cooperative societies.

Penalties For Non-Compliance

1. Fines: Imposed on financial institutions that fail to comply with the regulations governing agricultural loans.
2. Suspension or Revocation of License: Imposed on financial institutions that fail to comply with the regulations governing agricultural loans.
3. Criminal Prosecution: Imposed on individuals who engage in fraudulent activities related to agricultural loans.