Women can obtain business loans of up to Rs 5 million: SBP Seema Kamil.

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Women can obtain business loans of up to Rs 5 million,SBP Seema Kamil.
Women can open account for Rs 100: Source: geo.tv

Deputy Governor State Bank of Pakistan (SBP) Seema Kamil said women can now effectively open an account for just Rs 100 at any bank without paying the account opening charges and the minimum deposit expense necessity and the easy account can be opened with an Identity Card (ID).

She stated, women can get business loans of up to Rs5 million at 5% interest. The SBP official stated, women will be needed to show evidence of pay if they choose to acquire an advance of a sum up to Rs500, 000 or more, adding that they will likewise be given benefit on their savings for the account.

Giving the ladies to men proportion among accountholders, Seema Kamil said that only 18% of the account holders are ladies, though, 51% account holders are men.

Prime minister Imran Khan’s Successful Youth Scheme permits women to take advances up to Rs1 million without guarantee.

Seema Kamil states, the program will give attention to 1 million individuals half of whom will be ladies, focusing on that ladies play a significant part in the improvement of agriculture. She said that countless ladies are related with this area.

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