The Presidents/Chief Executives

All Banks/Islamic Banks

Dear Sir/Madam,

Markup Subsidy and Risk Sharing Scheme for Farm Mechanization (MSRSSFM)

In order to enhance agriculture productivity and food security in the country, Government of Pakistan (GoP) has introduced a markup subsidy and risk sharing scheme for farm mechanization under the PM’s Kissan Package- 2022. Under this scheme, the cost of markup subsidy and risk sharing will be borne by GoP. Key features of the scheme are enclosed as Annexure - A.

Banks are advised to ensure successful implementation of the Scheme through dissemination of necessary instructions to branches and capacity building of field staff, development/alignment of financing products and marketing campaigns etc.

Please acknowledge the receipt.

Enclosed:

1. Annexure- A
2. Reporting format