{"id":84074,"date":"2022-02-23T10:48:01","date_gmt":"2022-02-23T05:48:01","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=84074"},"modified":"2022-02-23T10:48:06","modified_gmt":"2022-02-23T05:48:06","slug":"sbp-loans-agri-warehouse","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-loans-agri-warehouse.html","title":{"rendered":"SBP launches loan scheme for warehouse infrastructure development"},"content":{"rendered":"\n<p>Karachi: Governor State Bank of Pakistan (SBP) Dr Reza Baqir on Tuesday (February 22) launched Pakistan\u2019s first warehouse infrastructure development loans for the agri-sector in Pakistan, news sources reported. Under the project, the central bank, in association with commercial banks, will provide Agri loans at a markup rate of 6%.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-reduces-subsidised-markup-on-tier-1-housing-loan.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP reduces subsidised markup on Tier-1 housing loan<\/a><\/p>\n\n\n\n<p>Reportedly, with the<a href=\"https:\/\/www.zameen.com\/news\/agriculture-sectors-development-top-priority-pm-khan.html\" data-type=\"post\" data-id=\"75996\" target=\"_blank\" rel=\"noreferrer noopener\"> Electronic Warehouse Receipt Financing (EWRF) system<\/a>, the farmers can get loans in simple terms to store cash and food crops. This will improve their long-term viability and capacity. Baqir stated at the Launch &amp; Roadshow event in Kasur district that the goal of EWRF is to assist and expand the breadth of agri-financing through EWRF for farmers across the country. He also stated that the central bank has allocated PKR 1.7 trillion for <a href=\"https:\/\/www.zameen.com\/news\/punjab-to-preserve-agri-land.html\" data-type=\"post\" data-id=\"83170\" target=\"_blank\" rel=\"noreferrer noopener\">agricultural loans<\/a>, higher than last year&#8217;s budget of PKR 1.5 trillion. He also asked the corporate sector to develop warehouses in rural regions to help farmers enhance their capacity and per acre production.\u00a0<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fy-2021-22-sbp-reports-11-fdi-7-months.html\" target=\"_blank\" rel=\"noreferrer noopener\">FY-2021-22: SBP reports 11% increase in FDI in 7 months<\/a><\/p>\n\n\n\n<p>The SBP governor also stated that the country&#8217;s economy is doing well in agri-related industries. However, he regretted that the rules had resulted in just 50% of all growers receiving loans, whereas the remaining farmers went unnoticed.&nbsp; According to the scheme, warehouses will be able to request loans amounting to 70% of total farm production, and the commercial bank will make a credit decision within one week.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Governor State Bank of Pakistan (SBP) Dr Reza Baqir on Tuesday (February 22) launched Pakistan\u2019s first warehouse infrastructure development loans for the agri-sector in Pakistan, news sources reported. Under the project, the central bank, in association with commercial banks, will provide Agri loans at a markup rate of 6%.\u00a0 Read: SBP reduces subsidised markup on Tier-1 housing loan Reportedly, with the Electronic Warehouse Receipt Financing (EWRF) system, the farmers can get loans in simple terms to store cash and food crops. This will improve their long-term viability and capacity. Baqir stated at the Launch &amp; Roadshow event in Kasur district that the goal of EWRF is to assist and expand the breadth of agri-financing through EWRF for farmers across the country. He also stated that the central bank has allocated PKR 1.7 trillion for agricultural loans, higher than last year&#8217;s budget of PKR 1.5 trillion. He also asked the corporate sector to develop warehouses in rural regions to help farmers enhance their capacity and per acre production.\u00a0 Read: FY-2021-22: SBP reports 11% increase in FDI in 7 months The SBP governor also stated that the country&#8217;s economy is doing well in agri-related industries. However, he regretted that the rules&hellip;<\/p>\n","protected":false},"author":84,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[51280,51281,51278,51279],"persona":[],"class_list":{"0":"post-84074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-agri-sector-development-loan","9":"tag-cash-and-food-crops","10":"tag-electronic-warehouse-receipt-financing-ewrf-system","11":"tag-sbp-launches-loan-scheme-for-warehouse-infrastructure-development","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP to give loans for Agri warehouse development- Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Governor State Bank of Pakistan (SBP) Dr Reza Baqir on Tuesday (February 22) launched Pakistan\u2019s first warehouse infrastructure development loans\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-loans-agri-warehouse.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP to give loans for Agri warehouse development- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Governor State Bank of Pakistan (SBP) Dr Reza Baqir on Tuesday (February 22) launched Pakistan\u2019s first warehouse infrastructure development loans\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-loans-agri-warehouse.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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