SBP announces interest-free loans for women

Islamabad: The State Bank of Pakistan (SBP) has revealed a revolutionary plan on Monday.

The proposal was revealed during a special seminar on "Women Bankability and Banking on Equality" hosted at the Government Polytechnic Institute (GPI) for women by Fazal Muqeem, Deputy Chief Manager of SBP in Dera Ismail Khan.

Muqeem emphasized that assisting women in starting their own enterprises will not only make them stronger but also provide them the opportunity to support their family and give their children better education.

Muqeem stressed that entrepreneurship might be a significant answer because rising costs harm everyone, but notably those with low incomes.

The government is developing strategies to make jobless women into productive citizens in partnership with SBP.

As a result of these measures, jobless women are now able to get interest-free loans of up to Rs. 0.5 million by opening bank accounts, just like males.

Assistant Director Muhammad Zubair urged everyone to embrace digital technologies and encouraged citizens to become income tax filers to reduce their tax burden.

Sara Khan, Principal of GPI for women, expressed her gratitude to SBP for their support in making students self-reliant.

She thinks that this strategy will help a lot of women in the future and expects that Dera Ismail Khan's eligible women will continue to gain strength by participation in such seminars.

Muhammad Amir Ejaz, Assistant Chief Manager of SBP Dera Ismail Khan, and other noteworthy visitors attended the lecture, which emphasized SBP's dedication to economic development and gender equality.