Summary SBP conducts awareness programs to improve access to finance to farming community.
ISLAMABAD (Online) - In its endeavor to improve access to finance to the farming community, State Bank of Pakistan has been conducting financial literacy & awareness programs for farmers at grass root level.
Muhammad Imaduddin, Senior Joint Director, Agricultural Credit & Microfinance Department, State Bank of Pakistan, while inaugurating one-day ‘Farmers’ Financial Literacy & Awareness program on Agricultural Financing’ in collaboration with Bank of Khyber at Haripur, said that SBP’s multi-pronged strategy to increase agri credit outreach includING mainstreaming of agriculture finance, removing policy and regulatory impediments, capacity building of commercial banks and information dissemination and awareness building campaigns for the farming community.
Highlighting the objective of Farmers Financial Literacy & Awareness Program, he said that the program showed the commitment of the State Bank and the banking sector to develop the agriculture sector at grass root level.
The programme was attended by bankers and representatives of agricultural extension department & farming community.
The inaugural session was followed by a technical session for the agri. credit staff of banks in which senior officials of SBP and BOK made detailed presentations.
A farmers’ session was also held to educate the farming community about the products and services offered by financial institutions, their rights and duties as customers of financial institutions as well as money management skills to enable them to use their limited financial resources in a more prudent manner.
