The Federal Government has decided to reduce the interest rate on agriculture debts.
Federal Minister for Finance Ishaq Dar has chaired the special meeting regarding agricultural loans in which loss was covered loss faced by farmers for production of rice, cotton and other agricultural commodities. In this connection schedule banks including agricultural development bank have proposed that interest rate of agricultural loans’ must be reduced in order provide relief to farmers for this loss. As responsible of schedule banks have assured to implement over this proposal and said farmers should be provided relief by reducing the mark-up of these loans.
