Rabi season: SBP launches Rs 7.5 billion agriculture finance plan for Faisalabad

The State Bank of Pakistan (SBP) has launched a pilot project, Phase-II, from current Rabi season 2009-10 in Jhang and Toba Tek Singh for enhancing outreach of agricultural financing in underserved districts of Punjab, and the target has been set for disbursement of Rs 7.5 billion for the season.
Dr Muhammad Saleem, Chief Manager, State Bank of Pakistan, while presiding over a workshop on revenue documents, said that under the regulatory framework of SBP one-window Pilot Project-II has been launched to facilitate farmers, and 20 focal points in Faisalabad, Samundri, Mamunkanjan, Jaranwala, Satiana, Tandlianwala, Chak Jhumra, Toba Tek Singh, Kamalia, Gojra, Pir Mahal, Sandhilianwali, Rajana town, Jhang, Shah Jewna, Atahara-Hazari, Chiniot, Shorkot and Garh Maharaja havebeen set up to disburse the credit facility to the peasants at grass-roots level.
The workshop was held at NBP regional office at Jhang and several stakeholders including representatives of commercial banks, agricultural officials, revenue staff and postal department also participated and assured for their full co-operation to make this pilot project a success.