Asset quality pressure to persist for NBFCs
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Asset quality pressure to persist for NBFCs
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RBI aligns deposit-taking norms for HFCs with NBFCs - The Hindu BusinessLine
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Daily Times
July 18, 2021
Minister for Finance and Revenue Shaukat Tarin on Saturday said that an extensive consultative process was followed in working out modalities of the Kamyab Pakistan Program ensuring that all relevant stakeholders are on board and it would be launched within current month.
Kamyab Pakistan is a flagship program which shall extend micro-loans to entrepreneurs, small business and farmers at 0% markup without collateral. The key focus is to provide loans to 4.5 million households at the lowest strata, registered with the National Socio Economic Registry (NSER) of Ehsaas Program, said a press release. The Kamyab Pakistan Program reflects the firm commitment of the government in pursuing pro-people agenda and developing Pakistan into a welfare state in line with the principles of Riasat-e-Madina.