ABL conducts SME Awareness Session at Larkana

In line with Allied Bank Limited’s Corporate Social Responsibility strategy to create awareness on financial inclusion avenues for the Small and Medium Enterprises & Agri Financing and to create conducive environment for Women Entrepreneurs to thrive and prosper , an awareness seminar was conducted on both SME & Agri finance & Women Empowerment on 03rd May 2019 at Sambara Inn Hotel, Larkana.

The session was attended by senior officials at Sindh Rural Support Organization (SRSO) along with around 80 participants including members from Small and Medium Enterprises, Rice Millers, notable business community members, agriculturists & members of Commerce and other Trade bodies of the area and the corporate depositors of SRSO .

Fasih Siddiqui , from ABL briefed the participants about the SME & Agri products being offered by the Bank. Further, in accordance with the National Financial Inclusion Strategy (NFIS) and strategic directions of SBP, a detailed presentation by was also given on SBP refinance products for SME & Agri business, Warehouse Financing, Green Banking Initiative, Refinancing facility for Women Entrepreneurs, reiterating the focus of both the regulator and the Bank on the sector.

Muzaffar Chajro, Regional Head CRBG Sukkur & Larkana thanked the participants for coming from far flung areas like Rato Dero, Qamber, Shahdadkot to attend the session and showing their interest in ABL products. It was further informed that ABL is already working to extend quality credit to SME & Agri customers and emphasized on the importance of capacity building & awareness of all stakeholders; especially women entrepreneurs . He stated that in line with the policies & vision of State Bank of Pakistan, ABL has taken various initiatives for financial inclusion of underserved areas of country. It was also stated that SME financing has a deepening effect on Pakistan’s economy in shape of SME’s contribution towards foreign exchange earnings through exports. Therefore, the need for SMEs to have formal corporate structures was emphasized to facilitate banks in extending financing to support the sector.

Businessmen present on the occasion as well as the senior officials from SRSO commended the efforts made by SBP and Allied Bank to promote financial inclusion strategies and hoped that together we would be able to create opportunities for our nation to have sustainable economic growth.