Women can now conveniently apply for loans of up to Rs500,000 from thecomfort of their homes through an online application, marking a significantstep toward enhancing employment opportunities. This initiative washighlighted by Quratul Ain Bilal, Deputy Manager of the State Bank ofPakistan, during an event organized by the Noor Muhammad Ansari IndustrialSchool, Social Welfare Society.
Bilal acknowledged the substantial contributions of women in developedcountries to the nation’s progress, emphasizing their capabilities acrossvarious sectors alongside their male counterparts.
The event featured participants such as Laiba Asif from the State Bank ofPakistan, Momina Anjum, and Fariha Safdar from Habib Bank, as well asMuhammad Arshad Qasmi, the General Secretary of Social Welfare Society, anda significant number of women.
Despite women constituting 48% of the country’s population, Bilal pointedout that only a few are currently engaged in entrepreneurial endeavors.
He stressed the importance of women prioritizing their businesses for thenation’s development and encouraged them to explore opportunities in thefood and household agriculture sectors, emphasizing that such venturesempower women and generate employment opportunities.
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Underlining the significance of financial independence, Bilal urged womento open personal bank accounts. Banks have established dedicated desks tofacilitate this process, ensuring that women encounter no challenges whenopening accounts, even from the comfort of their homes.
He emphasized the importance of skill training, noting that women withexpertise can establish home-based beauty parlors and handicraft centers,contributing to both personal growth and the overall economy.
Bilal concluded by affirming that providing easy credit is a top priorityfor the State Bank, fostering an environment conducive to women’s economicempowerment.