KARACHI: Sindh Board of Investment (SBI) chairperson Naheed Memon called on State Bank of Pakistan Governor Ashraf Mehmood Wathra.
The SBI chairperson told the State Bank governor that the Sindh Enterprises Development Fund (SEDF) provides subsidy in bank loan mark-up to growers on such projects as aim to increase production by using modern technologies.
The objective of providing subsidy is to encourage those to introduce new technology and modernisation in the agriculture sector, she said.
She called for the need to fully benefit the growers with the subsidy on mark-up on bank loans. She told the SBP governor that the SEDF is also extending help to the rice growers under the Balancing Modernization and Replacement (BMR) scheme to utilize modern machinery in rice crop.
Governor SBP appreciated the efforts of the SBI and observed that the State Bank Agriculture Finance and SEDF are departments of mutual cooperation and the projects like SEDF be also launched by others. He also assured his full cooperation to the chairperson SBI and said the State Bank Agriculture Finance and SEDF will jointly work to introduce more schemes in agriculture sector.
Chief Executive Officer Sindh Enterprises Development Fund (SEDF), Mehboob Ul Haq, executive directors SBP, Samar Hasnain and Dr Irfan, were also present on the occasion.
