Endeavor to improve access to finance to farming community
- October 11, 2013, 10:02 pm
- Breaking News
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PISHIN Oct 11 (PPI): In its endeavor to improve access to finance to the farming community. State Bank of Pakistan has been conduction financial literacy & awareness programs for farmers at grass root level this was stated by Mr.Muhammad Nadeem Khanzada joint Director, Agricultural Credit & Microfinance Department, state Bank of Financing in collaborations with National Bank of Pakistan at District Pishin yesterday. Said that SBP`s multi pronged strategy to increase agri credit outreach includes mainstreaming of agriculture finance removing policy and regulatory impediments, capacity building of commercial banks and information disseminations and awareness building campaigns for the farming community.
Highlighting the objective of farmers financial literacy & awareness programs he said that the program shoed the commitment of the state Bank and banking sector to develop the agriculture sector at grass root level. He said the program is aimed at creating awareness among the farming community about agri financing products & services offered by banks money management techniques and lending procedures, documentations etc.
The program was attended among others, Sardar Mustafa Khan Tareen, Members Provincial Assembly Balochistan, Mr.Jan Muhammad Deputy Chief Manager, SBP, BSC Quetta bankers and representative of Agri Extension Department & Farmers.
The Inaugural session was followed by a technical session for the agri, credit staff of Banks in which senior officials of SBP and NBP made detailed presentations, the purpose of the technical session was to train the agri, finance official of banks enabling them to conduct the farmers financial literacy programs at their end.
A farmers session was also held to educate the farming community about the products and services offered by financial institutions, their rights and duties as customers of financial institutions as well as money management sills to enable them to use their limited financial resource in more prudent manner.
