The Punjab Provincial Co-operative Bank Limited (PPCBL) has launched a loaning scheme, under which, loan up to Rs 100,000 will be provided to small farmers for purchase of goats and sheep so that they could improve their financial health.
These loans will be payable in 10 months period with a mark-up at the rate of 12 percent per annum.
According to the bank, Punjab Cooperatives Registrar Major Mian Mohammad Zulqurnain (Retd) has issued directives to all bank branches in the province for provision of these loans.
The Registrar said it is an endeavour of the bank that small farmers should also benefit from the loaning facilities being provided by the bank to other segments of society.