Small loans to farmers to boost agricultural productivity: Siskin


Mohammad Arshad
Islamabad

Finance Minister Shaukat Tarin on Tuesday ordered the State Bank of Pakistan (SBP) to work out the terms of a subsidized business finance program and present a detailed plan for future deliberations.

The program was developed to provide self-employment opportunities to unemployed young people and to contribute to the growth of small and medium-sized enterprises (SMEs).

In a meeting with the Prime Minister’s Special Assistant on Youth Affairs Usman Dar here, the Minister of Finance also endorsed the idea of ​​giving small loans to farmers, allowing them to boost agricultural productivity.

The Minister of Finance appreciated the ideas to empower young people and assured his full support and facilitation for the aforementioned projects / initiatives on occasion.
The SAPM on Youth Affairs briefed the Minister of Finance on the youth-focused development initiatives taken by the government in the areas of education, employment and civic engagement.

He highlighted the “Kamyab Jawan program” which offers subsidized loans to young entrepreneurs for self-employment programs.

The Minister of Finance appreciated the rationale and loan disbursement policy of the program and recommended to strengthen the outreach by involving banks / microfinance institutions, as these institutions have particular expertise to meet the needs of segments of the population that do not have enough collateral to obtain credit.

The program will uplift young people by providing them with opportunities to make the most of their entrepreneurial potential, he added.

The SAPM also highlighted the special measures for the provision of modern education to the youth of the country.

The government has launched a skills development program to provide technical and vocational training to young people in order to improve employment opportunities for them.

The Minister of Finance welcomed the above-mentioned initiatives aimed at facilitating the socio-economic emancipation of young people as envisaged by the Prime Minister.

In his remarks, the Minister of Finance said that youth play a central role in the development of the country.

There is a growing need to invest in young people and prepare them to face future challenges effectively. , Shaukat Tarin, on “Kamyab Jawan Program” by videoconference.

The Deputy Governor of the SBP presented the main features of the subsidized business finance program.

The program was developed to provide self-employment opportunities to unemployed young people and to contribute to the growth of small and medium-sized enterprises (SMEs).

Previously, the Director General of the Financial Monitoring Unit (FMU) Lubna Farooq Malik informed the Federal Minister of Finance and Revenue, Shaukat Tarin, of the significant progress made on the Financial Action Task Force (FATF) plan at the Finance Division.

Previous How vaccine hesitancy is the cause of breakthrough infections in nursing homes
Next Mountain statesman | From home to your home "Following the legislative closure"