Agriculture Financing Crosses Rs. 1.3 Trillion
Pakistan's outstanding agriculture financing has reached Rs. 1.329 trillion, covering approximately 3.5 million borrowers, according to the Finance Division.
Pakistan's outstanding agriculture financing has reached Rs. 1.329 trillion, covering approximately 3.5 million borrowers, according to the Finance Division.
Article outline
- What happened
- The key numbers
- The bottom line
Key points
- Under the government's Zarkhez-e: Asaan Zarai Qarza Scheme, authorities had approved 20, 176 loan applications worth Rs.
- Govt Eyes $18 Billion Investment to Boost Water Supplies, Irrigation Efficiency.
- Obtain the latest business news, market insights, and economic updates wherever you prefer.
- The committee additionally discussed ways to expand financing for livestock and dairy businesses and rise private-sector participation throughout agricultural supply chains.
Finance Minister Muhammad Aurangzeb reviewed the latest figures at the sixth session of the Access to Finance Steering Committee in Islamabad on October 28, where he called on faster disbursements and greater efforts to expand financing for farmers and small businesses. Govt Eyes $18 Billion Investment to Boost Water Supplies, Irrigation Efficiency.
Under the government's Zarkhez-e: Asaan Zarai Qarza Scheme, authorities had approved 20, 176 loan applications worth Rs. 8.674 billion. Of these, 6, 132 collateral-free loans worth around Rs. 2.34 billion had been disbursed to smallholder farmers.
In practice, the committee additionally discussed ways to expand financing for livestock and dairy businesses and rise private-sector participation throughout agricultural supply chains.
Aurangzeb pressed relevant institutions to accelerate agriculture and small and medium enterprise (SME) financing, saying access to credit should translate into tangible benefits for farmers, businesses and underserved communities. Stay Connected with ProPakistani.
Obtain the latest business news, market insights, and economic updates wherever you prefer. Follow on Google Discover. Follow on Google News Join WhatsApp. See more ProPakistani stories in Google Search and Top Stories.
Taken together, the developments around agriculture Financing Crosses Rs. 1.3 Trillion point to a situation that is still moving, and the coming days should bring more clarity.
