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BCIL NEWSLETTER

The House of Business Information


Volume No. _____________Issue No. ____________Date___________
 

Livestock Insurance Scheme for Borrowers

In order to improve access to finance to the Livestock & dairy sector and to mitigate risk of loss of livestock due to disease, natural calamities & accidents, State Bank of Pakistan, in collaboration with SECP, banks, insurance companies and provincial livestock & dairy departments has developed a framework for Livestock Insurance for borrowers, which is attached.

The Livestock Insurance Scheme will provide an essential risk mitigating tool to encourage banks to enhance flow of credit to this highly potential and underserved sector. The scheme would also safeguard the interest of farmers in case of loss of animals due to death.

Banks are advised to implement the Scheme based on the parameters mentioned therein and enter into agreements with reputable insurance companies for underwriting Livestock Insurance for their borrowers. Further, banks may also negotiate with insurance companies for best terms vis-à-vis premium rate, insurance coverage for disability and theft of animal, etc as per mutual arrangement.


K I B O R
Date
3 MONTHS
6 MONTHS
Bid
Offer
Bid
Offer
         
13-12-2013
9.82
10.07
9.89
10.14
12-12-2013
9.82
10.07
9.89
10.14
11-12-2013
9.78
10.03
9.87
10.12
10-12-2013
9.79
10.04
9.87
10.12
09-12-2013
9.79
10.04
9.87
10.12
         

State Bank of Pakistan enhances period of loan under

Prime Miniser's Business Loan Scheme.

The State Bank of Pakistan through its IH&SMEFD Circular Letter No. 09 of 2013 dated November 2013 enhanced the maximum period of loan issued under Prime Ministers Business Loan Scheme from 7 year to 8 years including a grace period of one year.


 

 

 
 
 
 
 

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