Share:Governor State Bank of Pakistan (SBP) Dr. Reza Baqir on Monday lauded banks performance in achieving the unprecedented level of agriculture credit disbursement of Rs1.4 trillion in FY21. Announcing current year’s agriculture credit target of Rs 1.7 trillion with 5 million borrowers, the Governor marked the insistent need to address quality of credit, its geographical imbalances and uneven distribution amongst different categories of borrowers. On the occasion, the SBP Governor announced two new measures to help boost agriculture financing. First, a comprehensive scoring model to rank banks according to key agriculture credit indicators and targets. Moreover, the Committee also discussed avenues to enhance efficiency of existing agriculture credit infrastructure across the country.

Source: The Nation December 21, 2021 00:52 UTC