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Goal
“To
improve inclusive economic growth and to improve income and
livelihoods opportunities for poor and marginalized groups
in Pakistan”
Objective
“To
improve access to financial services for the poor and marginalized
groups and for micro, and small enterprises in Pakistan"
The
Financial Inclusion Programme (FIP), implemented by SBP with
support of the UK Department for International Development
(DFID), aims to transform the financial market with a clear
objective to provide equitable and efficient market-based
financial services to the otherwise excluded poor and marginalized
population including women and young people
FIP
focuses on financing for micro and small enterprises during
the first year of the programme and in the next four years
develop and implement strategies for low-income housing finance
and rural finance while remittances and Islamic finance would
be cross cutting themes. For the first time, FIP has developed
an evidence based policy and a realistic
target of reaching out to three million microfinance
users by the end of 2010. The programme
will go beyond the provision of microfinance and small enterprises
financing by exploring innovative interventions in sub sectors
of rural financing, remittances, Islamic banking and low income
housing. A key element for success of the programme will be
a productive partnership between the commercial banking sector
and microfinance providers.
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