NBP president undertakes major e-credit facility reforms for farmers

30 Aug, 2017

Finance Minister of Punjab Dr Aisha Ghaus Pasha and Muhammad Naeem Akhtar Khan Bhabha, Agriculture Minister Government of Punjab had a meeting with Saeed Ahmad, the President of National Bank of Pakistan to discuss the close cooperation between Government of Punjab and NBP in e-credit scheme for agriculture.
Under the e-credit scheme, small agri farmers are being provided financing for which mark up is being borne by the Punjab government. NBP has committed to lend up to Rs 30 million under the scheme of the Government of Punjab. Ayesha Ghous appreciated Saeed Ahmad's vision and association with the development of the scheme while he was Deputy Governor of SBP. National Bank will continue its commitment to finance the agri sector. NBP is one of the leading bank associated with this sector with more than 800 branches dealing with agri lending.
"We need to modernize our agri production techniques in accordance with the present day practices to enhance yields, improve storage facilities and have better access to markets nation-wide as well as internationally. It is important to use tested seeds with high yield potential after soil testing for determining right sort of input and economical use of water. Prosperity of our farmers is the key to success of any initiative in agriculture and this may only be achieved by guiding them to improve yield."
At this occasion Saeed Ahmad, President and CEO National Bank of Pakistan said "NBP will be driven with firm commitment on bringing the change needed to empower our nation especially in the agri sector. We have and always will be committed to serving the nation and deliver solutions for over 80 percent of the unbanked population of Pakistan. It is crucial that the masses which are not catered by any commercial bank are empowered to rise, grow and received support by National Bank of Pakistan."-PR

Read Comments