Fauji Fertilizer Company (FFC) has
joined forces with four prominent banks to offer Rs. 1 billion in clean
financing—unsecured loans of up to Rs. 500,000—exclusively for farmers
registered with its Sona Centers. This initiative is aimed at improving
financial access for the agricultural sector, allowing farmers to invest in
quality inputs and boost productivity.
The signing ceremony, held at the
Serena Hotel in Islamabad, was attended by FFC Chairman Lt. Gen Anwar Ali Hyder
(R), MD & CEO Jahangir Piracha, along with senior executives from Bank of
Punjab, Bank Alfalah, Askari Bank, and Faysal Bank. This collaboration is
expected to bridge the gap between financial institutions and small-scale
farmers, who often face challenges accessing credit due to the lack of
collateral.
Unlike traditional loans, clean
financing does not require collateral, making it particularly beneficial for
small and medium-scale farmers who lack land ownership documents or other
guarantees typically required by conventional banking systems. This financing
model offers farmers easier access to credit, fostering financial inclusion and
promoting sustainable agricultural growth.
Read More Askari
Bank and FFC forge partnership to boost agricultural financing
FFC has long been a key player in
supporting Pakistan’s agricultural sector, not just through fertilizer supply
but also by providing farmer-friendly financial solutions. This initiative
aligns with broader national efforts to modernize agriculture by improving
access to credit and enhancing financial literacy. The participating banks
reaffirmed their commitment to supporting the agricultural economy with
customized financial products designed to meet farmers' specific needs.
This partnership represents a major
step forward in Pakistan’s agricultural finance sector, reinforcing FFC’s
leadership in empowering farmers through innovative financial solutions.
Source: Profit Pakistan