Pakistan, June 28 -- The Economic Coordination Committee (ECC) of the Cabinet on Friday accorded in-principle approval of risk coverage scheme for small farmers and under-served areas, which would ultimately bring 750,000 new agricultural borrowers into the formal financial system.
The ECC, which met under the chairmanship of Minister for Finance and Revenue, Senator Muhammad Aurangzeb considered a summary by the Finance Division for the launch of a risk coverage scheme for small farmers and under-served areas.
The Cabinet body accorded in-principle approval to the proposal with instructions for further fine-tuning and incorporating in it additional safeguards before its planned launch on 14th August 2025, said a press release issued by t...