Financial Inclusion: UNISAME lauds action plan
Financial Inclusion: UNISAME lauds action plan
KARACHI:
The Union of Small and Medium Enterprises (UNISAME) appreciated the action plan of the National Financial Inclusion Strategy (NFIS) launched by the government to give higher access to finance from micro to medium sized sector.
UNISAME President Zulfikar Thaver assured the participants at the meeting that the action plan aims at widening the access to finance to 50% of the population by 2020. He said the group recommends working from the grass root level namely the primary sector, which is the source of raw material to unlock the potential of the sector.
The recommendations also include the secondary and tertiary sectors of the economy, which play an important role in economic growth. He emphasised the need for pay as you earn schemes, commercial property leasing, collateral management and credit guarantee insurance for fast track economic development of the sector.
Published in The Express Tribune, July 10th, 2016.
The Union of Small and Medium Enterprises (UNISAME) appreciated the action plan of the National Financial Inclusion Strategy (NFIS) launched by the government to give higher access to finance from micro to medium sized sector.
UNISAME President Zulfikar Thaver assured the participants at the meeting that the action plan aims at widening the access to finance to 50% of the population by 2020. He said the group recommends working from the grass root level namely the primary sector, which is the source of raw material to unlock the potential of the sector.
The recommendations also include the secondary and tertiary sectors of the economy, which play an important role in economic growth. He emphasised the need for pay as you earn schemes, commercial property leasing, collateral management and credit guarantee insurance for fast track economic development of the sector.
Published in The Express Tribune, July 10th, 2016.