State Bank of Pakistan Outlines 6-point Action Plan to Boost Agri Financing

Tuesday, February 18, 2014

Acting Governor of State Bank of Pakistan Ashraf Mahmood Wathra has announced a six-point action plan for boosting agricultural financing in the country.

Addressing a meeting of Agricultural Credit Advisory Committee (ACAC) at SBP, Karachi on Monday, he outlined his action plan that includes the launch of Financial Innovation Challenge Fund (FICF) in Rural & Agriculture Finance to foster innovation and test new markets, lower cost of delivery, streamlining systems and procedures to provide more efficient new ways of meeting the larger demands of farming community.

Source: Daily Times Pakistan (link opens in a new window)

Categories
Agriculture
Tags
agribusiness, financial innovation, governance, smallholder farmers