Governor State Bank of Pakistan, Dr Shamshad Akhtar has sought Rs3 billion in subsidy from federal accounts for promotion of microfinance among poor rural communities of the four provinces of the country.
Making a presentation before Prime Minister Shaukat Aziz at the PM House recently, Dr Akhtar also recommended a number of policy initiatives for rapid outreach of micro financing, banking industry sources said on Saturday.
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The SBP governor also proposed the launch of microfinance banks from selected post offices. The central bank was also exploring the option of entering into partnership with the Agha Khan Fund to strengthen the capacity of microfinance banks, microfinance institutions and NGOs in a bid to offer micro insurance products to borrowers.
Ismailimail 