Tameer Bank has joined hands with the government of Punjab for giving out smart digital loans to farmers across Punjab of aggregate worth over PKR 2 billion for more than 35,000 farmers; the whole scheme announced by the government of Punjab is over PKR 77 billion for 450,000 farmers.
The partnership of Tameer Bank and the government of Punjab will go on to strengthen the collective efforts put in order to bolster Pakistan’s standing as a major agricultural country by increasing overall yield and productivity of the crops.
Tameer Microfinance Bank has been appointed a partner Bank of the historic program that will go on to transform the socio-economic outlook of the country by providing digital loans, digital disbursements, and repayment to farmers across Punjab.
The scheme will not only provide interest-free loans but will also address long-existent issues faced by local farmers through smartphone-based crop and weather advisory and comprehensive consultancy services besides maintaining a digital platform to empower the farmers by keeping real-time monitoring and performance evaluation.
To help farmers benefit from the host of digital services, the government of Punjab will distribute smartphones under the scheme to allow farmers access to E-credit scheme (Digital Wallet), Weather Alerts, Crop Calendar, E-Zarai Baithak, Agri TV and more.
Commenting on the development, President and CEO Tameer Bank Ali Riaz Chaudhry said: “We are bringing in Telenor Pakistan, Tameer Bank, and Easypaisa technological infrastructure to support and expedite the government of Punjab’s interest-free loans scheme for small farmers.”
The Punjab government’s interest-free loan scheme is being led by the Ministry of Agriculture and Finance in support from State Bank of Pakistan, Punjab Institute of Technology Board, Ministry of Finance.