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PM Nawaz launches credit guarantee scheme for small farmers

ISLAMABAD: Prime Minister Mian Muhammad Nawaz Sharif has launched a credit guarantee scheme for small farmers that will allow them to get bank loans more easily for producing their crops, ARY News has learnt. 

The launching ceremony of credit guarantee scheme was held at Prime Minister Office, Islamabad on Thursday. Federal Finance Minister Ishaq Dar, Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan, Governor State Bank of Pakistan (SBP) Ashraf Mahmood Wathra and Deputy Governor SBP Saeed Ahmad attended the ceremony.

Speaking on the occasion, PM Nawaz said the scheme is a testament of government’s commitment to support the small farmers in increasing their productivity and income levels, and spurring growth in overall agricultural sector.

The Prime Minister also directed banks to actively play their due role in extending loans to small farmers and marginalized segments of the society to enable them to contribute in socio-economic development of Pakistan.

He congratulated Federal Minister for Finance and State Bank of Pakistan on their continuous efforts for improving the lives of farmers through enhancing their access to formal financing in the country.

Prime Minister emphasized upon the need for banks to extend facilities to all deserving small scale borrowers to help them improve their living standards and get out of poverty trap.

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