Strategies to promote adoption of Climate Smart Agriculture Financing (CSAF) Products
Upon SBP’s request, PBA has recommended a strategy/action plan for CSAF products based on input given by the PBA Agriculture Finance Sub Committee.
As per the Sub Committee’s recommendations, the action plan for ‘Strategies to promote adoption of Climate Smart Agriculture Financing Products in Banks and to start Awareness Campaigns for Banks and Farming Community’, is to be adopted only by those banks that have the willingness, capacity and ability to undertake such financing.
A presentation titled, ‘Strategy to promote Climate Smart Agriculture Finance (CSAF),’ with proposed action points and timelines was prepared by PBA’s Agriculture Finance Sub Committee and forwarded to SBP in March 2022.
Following PBA’s recommendations, SBP had requested PBA for a strategy document of the same which was subsequently shared by PBA in April 2022 with SBP and which includes the challenges posed by climate change and the role of financial institutions for risk mitigation.
