SBP plans to give Rs. 285b farm loans

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STAFF REPORT KHI: The State Bank of Pakistan has set Rs 285 billion target for disbursement of agriculture loan among small farmers for current fiscal year.

“These agri loans are being given to farmers through one-window operation. The farmers could give better output if banks provide them loan in time on easy instalments,” said Director Development Finance of SBP Karachi, Dr Muhammad Saleem, while addressing a recent conference on agricultural and Industrial Awarenes.
The SBP is playing a pivotal role in progress of agriculture sector by providing loans especially to small farmers,” he said adding that the central formulates policies in consultation with all the stakeholders including farmers.
The SBP changes its policy with passage of time by keeping the necessities of farmers in view, he maintained.
More than 120 stalls of handicrafts, clothing agriculture equipment, handmade beautiful jewellers, banking products and food, etc, were set up by women from various organisations and banks to promote rural culture and potential of trade in these areas.


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