PM directs no leniency for banks slow in providing loans to farmers, SMEs

Prime Minister Shahbaz Sharif on Monday directed that no leniency should be shown to banks who were slow in providing loans to farmers, small and medium enterprises (SMEs), and consumers under the Prime Minister’s Apna Ghar Scheme. The scheme was launched by the prime minister in April, under which housing and construction loans of up Rs10 million were to be given on easy instalments. In a handout issued by the Prime Minister’s Office (PMO) on Monday, the prime minister chaired a review meeting on facilitating the provision of loans to priority sectors. “Improving the economy through the…