Wednesday, December 22, 2021
Multan (News advertisment Latest - NNI. December 21, 2021)To provide employment and increase the productivity of the agricultural sector SMEs and the agricultural sector to provide easy terms and low markup loans to the Government of Pakistan and the State Bank of Pakistan. Is a top priority. Governor State Bank of Pakistan Raza Baqir along with Deputy Governor Seema Kamil while addressing a function at Multan Chamber of Commerce and Industry said that loans of Rs. 1700 billion would be provided to the agricultural sector this year Special will be given there.
He said that business activities all over the world had come to a standstill during the Corona outbreak.
Pakistan's economy has shrunk by only 0.5 percent and this year we have high hopes that our economy will grow by 5 percent.
He said that Multan Chamber of Commerce and Industry has been very supportive of us while availing the benefits of our schemes. Similarly, loans of more than Rs. 8 billion have been provided for construction or upgrading of new hospitals, out of which Rs. 1 billion has been provided in Multan.
Ordinary people used to be reluctant to take loans from banks but now the functioning of banks has also improved and public interest has also increased. In the easy loan scheme for SME sector, the government has decided to reduce their risk and Government assistance will be provided up to 60% of their risk to speed up the disbursement of loans to banks. Eight banks have joined this scheme. They also give an important target to Multan Chamber to work for the provision of houses under the My Pakistan My Home scheme to the employees of the national interest and the employees of their sector.
Survey and assist your employees in providing five to five marla houses. The government is providing loans of My Pakistan My Home Scheme at only 4-7% and so far loans of Rs 30 billion have been provided while loans of Rs 100 billion have been approved and applications of Rs 250 billion have been received in various banks today. The behavior of the staff is also being monitored and the scheme is being monitored on a monthly basis.
In reply to a question, he said that it is absolutely wrong not to give loans to journalists. There is no such policy. If any journalist has any problem in any loan scheme, he should inform State Bank of Pakistan. Strict action will be taken. Bank officials distributed checks of sanctioned amount to various businesses under the ISAF scheme announced for the low-profit business sector.
Speaking on the occasion, Khawaja Muhammad Hussain, President, Multan Chamber of Commerce and Industry, said that SBP should organize awareness seminars for business sector and women entrepreneurs in Multan Chamber of Commerce and Industry. Refunds should be given to the exporters for resolving their long pending cases in the State Bank of Pakistan as a matter of priority. The business sector should be facilitated to open business accounts and set up a SBP WhatsApp number or a portal for complaints about the behavior of bank staff.
