ISLAMABAD: Prime Minister Shahbaz Sharif has directed to make it easier for small and medium farmers to get low-cost loans. Small farmers face a lot of difficulties in getting low-cost loans.
Prime Minister Shahbaz Sharif said that providing low-cost loans to small-scale farmers to meet their agricultural needs is one of the top priorities of the government. Reforms should be implemented for the betterment of the Agricultural Development Bank.
He said that private banks should be encouraged to provide low-cost loans to small-scale farmers on easy terms. He will himself chair a meeting every three weeks on the Agriculture Development Bank and steps to provide loans to farmers.
A review meeting on the reforms of the Agricultural Development Bank and ease of obtaining loans of farmers was held in Islamabad today under the chairmanship of Prime Minister Muhammad Shahbaz Sharif. The meeting was briefed on the ongoing reforms, performance and future course of action of the Agricultural Development Bank. The meeting was also briefed on the provision of credit to the agricultural sector by private banks.
The meeting was also given various suggestions for improving the performance of the Agricultural Development Bank and facilitating loans. Ministers Rana Tanveer Hussain, Ahad Khan Cheema, Adviser to the Prime Minister Muhammad Ali, Ministers of State Bilal Azhar Kayani, Abdul Rehman Kanjoo, Special Assistant Haroon Akhtar, Governor State Bank of Jamil Ahmed, Member National Assembly Iftikhar Nazir, Coordinator to the Prime Minister Musharraf Zaidi, Ahmed Omer and other senior officials attended the meeting.
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