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. Finance … Read More The post Agriculture Financing Crosses Rs. 1.3 Trillion appeared first on ProPakistani .
Pakistan's outstanding agriculture financing has surpassed the milestone of Rs. 1.329 trillion, impacting roughly 3.5 million borrowers, as disclosed by the Finance Division. Finance Minister Muhammad Aurangzeb examined these updated figures during the sixth gathering of the Access to Finance Steering Committee in Islamabad on October 28.
He emphasized the need for quicker disbursements and intensified efforts to broaden financing opportunities for farmers and small enterprises. Through the government's Zarkhez-e: Asaan Zarai Qarza Scheme, authorities have approved 20,176 loan applications totaling Rs. 8.674 billion. Among these, 6,132 collateral-free loans amounting to approximately Rs.
2.34 billion have been granted to smallholder farmers. The committee also deliberated on strategies to broaden financing for livestock and dairy enterprises, and to boost private-sector involvement across agricultural supply chains. Aurangzeb urged relevant institutions to expedite agriculture and small and medium enterprise (SME) financing, stressing that access to credit should yield concrete benefits for farmers, businesses, and marginalized communities.
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