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Summary State Bank of Pakistan (SBP) will soon launch a 10 million Financial Innovation Challenge Fund.
This was announced by SBP Deputy Governor Yaseen Anwar at the inaugural ceremony of NRSP Microfinance Bank Limited (NRSP MFB) in Bahawalpur.He said that Financial Innovation Challenge Fund will spur innovations in the financial services products and delivery channels in the country. ‘A nationwide Financial Literacy Programme will be launched shortly in various districts on a pilot basis,’ he added.Yaseen said the State Bank of Pakistan will continue to encourage mainstreaming of microfinance into formal banking system to achieve financial inclusion in a sustainable manner.
