The two monetary policy tools that enable direct support for the real economy, namely one for provisional deferment of loan repayments by micro, small and medium-sized enterprises (MSMEs) and the other for supporting unsecured inclusive loans to micro and small businesses (MSBs), have been carried out at a faster pace, which further boosted direct support for MSBs.
Financial inclusion is one of the key strategic objectives of SBP and as most are aware, very near to my heart; I would thus strongly emphasize the industry to come out of these perception myths and develop capacity to tap these strategically important sectors and create value for your shareholders, depositors and the country’s economy as a whole.