The product is introduced since livestock sector occupies significant position in our rural as well as national economy. It is the main source of food, income, employment and foreign exchange earnings contributing 14% to GDP. The Government of Pakistan and SBP has decided to promote this sector. The production of livestock sector needs to be increased substantially through the adoption of modern processing techniques and commercial marketing channels. The development of livestock sector requires financial support in the form of agriculture credit from financial institutions. It may include direct financing to the farmers or in the form of indirect financing through milk/meat processing units etc. Financing shall facilitate dairy farmers in availing formal credit for entire value chain dairy sector. SBP has conveyed PBA advised product features for extending finance to dairy value Chain. For women empowerment, concessional finance under SBP refinance scheme can also be considered as per applicable procedures and prevailing rates.
Dairy and Meat Sector are major contributor to agri GDP and have varied needs to be met through institutional credit. The dairy and meat farms need financing facilities for their daily expenses i.e. working capital requirements and long term investment for purchase of buffalos, cows, goats, sheep, dairy and meat farms equipments, construction of sheds etc. The financing facilities may be considered under the dairy and meat Finance in the shape of;
To meet day to day expenses covering working capital need, mainly the following:
Could be provided for the purposes of:
Any other requirement of allied nature can also be considered.
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