Punjab Provincial Co-operative Bank (PPCBL) Ltd is going to introduce three new financing schemes for small farmers in the province in the near future, Secretary Co-operatives and Administrator PPCBL, Khalid Pervaiz told Business Recorder, here on Thursday.
He informed that he presided over a meeting, which was attended by Registrar Co-operatives/Chairman Board, Mohammad Khan Khichi and Liaquat Durani, President and Chief Executive Officer of the bank. Pervaiz directed the management to prepare new attractive products for small farmers so that they could play their most important role in uplifting the agriculture sector, which is the backbone of Pakistan's economy.
He informed them that PPCBL is preparing a scheme to advance loans to the poultry farms, which had hitherto been ignored by the bank. "Our financing of the livestock sector has been very successful", he said. Besides, PPCBL will start a new scheme under which small farmers will get yearly loans up-to rupees 5,00,000 to expand their agri business and increase per acre yield of crops.
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