PM Loan Scheme: ZTBL, NADRA ink MoU

ZTBL was the first bank in Pakistan that underwent digitization in 80s: Chairman NADRA

Islamabad, The Gulf Observer: Zarai Tarqiati Bank Ltd (ZTBL) and National Database and Registration Authority (Nadra) on Thursday signed an accord on PM’s Youth, Business and Agriculture Loan Scheme (PMYBAL) for enhancing digitization for agriculture sector.

The sole objective is verification of the beneficiaries of PM Youth, Business and Agriculture Loan Scheme

The signing ceremony took place between President ZTBL Asad Ullah Habib and Chairman Nadra Muhammad Tariq Malik here at ZTBL head office.

The aim is verification of the beneficiaries of PM Youth, Business and Agriculture Loan Scheme who will be granted loans by ZTBL under the subject.

It is noteworthy that under the PM’s Loan Scheme, ZTBL has been assigned the target of disbursing Rs7 billion in Tier 3. So far ZTBL has disbursed Rs 480 million whereas the Bank has received approximately 5500 applications.

Speaking on the occasion, Chairman Nadra said ZTBL was the first bank in Pakistan that underwent digitization in 80s adding there was much room for digitization in the country.

ZTBL will remain in touch with NADRA for future endeavors including empowerment of women: President ZTBL

Mr. Malik said NADRA was committed to facilitate subsistent farmers including female in financial inclusion in collaboration with ZTBL and assured to support the agriculture financing bank for national cause.

President ZTBL Asad Ullah Habib said ZTBL was the only bank that was financing 78 percent of farmers alone as compared with the commercial banks.

President ZTBL praised Tariq Malik for his personal involvement in revolutionizing NADRA and for introducing modern digitization in the country.

He said ZTBL will remain in touch with NADRA for future endeavors including empowerment of women and bringing 7 million farmers into database to enable maximum number of small farmers to get benefits of modern technology.