The loan can be used to fund a variety of agricultural needs, such as a warehouse, solar tube-well, fisheries, new tractors, agriculture balers, seeds, soil, and pesticides, among others.
To assist the farming industry, the National Bank of Pakistan (NBP) has launched a new low markup rate agricultural loan program. Farmers can increase crop yields with this initiative by obtaining agriculture loans that are processed quickly.
In addition, to encourage female participation in the farming industry, NBP is offering special discounts on the markup rate for women. The loan can be used to fund a variety of agricultural needs, such as a warehouse, solar tube-well, fisheries, new tractors, agriculture balers, seeds, soil, and pesticides, among others.
“We are delighted to launch this new programme to assist Pakistan’s farming community,” said Rehmat Ali Hasnie, President and CEO (A) of the National Bank of Pakistan.
“The NBP’s Inclusive Development Group is committed to assisting the farming community in adopting modern agricultural technologies that will increase farm efficiency, productivity, and profitability.”
“NBP offers a diverse range of agricultural financing products to meet the needs of farmers. Our goal is to strengthen Pakistan’s agricultural sector by facilitating access to financing and other resources. We are convinced that the development of this sector is inextricably linked to the development of Pakistan,” said Ms. Naushaba Shahzad, Group Head (A), Inclusive Development Group, NBP.
The agricultural sector is the backbone of Pakistan’s economy, and NBP has launched a number of projects to assist in the growth of this vital industry.
NBP signed Memorandums of Understanding (MOUs) with Agriculture Universities, Tractor and Implement Companies, and the Punjab and Sindh Agriculture Departments to promote cutting-edge agricultural technology such as High Efficiency Irrigation Systems.
NBP has a long history of assisting Pakistan’s farming industry, and this new programme demonstrates the bank’s commitment to providing innovative financial solutions to its customers. Farmers who want to apply for an agricultural loan should contact their local NBP branch to learn more about the Agricultural Loan Program.