Industrial Loan Progress Review by Punjab Small Industries Corporation

Sumaira FH

On Wednesday, the Secretary of the Provincial Department of Industries and Commerce, Dr. Ahmed Javed Qazi, chaired a meeting to review the progress of the Punjab Small Industries Corporation (PSIC) on industrial lending schemes here at the Civil Secretariat.

LAHORE, (UrduPoint/Pakistan Point News – August 3, 2022): Provincial Department of Industries and Commerce Secretary Dr. Ahmed Javed Qazi chaired a meeting to review the progress of the Punjab Small Industries Corporation (PSIC) on industrial loan programs here at the Civil Secretariat on Wednesday.

On this occasion, he said that thousands of people have benefited from the easy loan schemes of the Punjab Small Industries Corporation.

He ordered relevant officers to digitize the entire loan issuance and collection process to make the schemes more transparent and efficient. He said loan recovery under PSIC schemes should be ensured at all costs. The number of beneficiaries of the schemes can be increased by the recovery of loans, he noted.

The secretary has ordered that action be taken against regional managers who are negligent in collecting loans.

PSIC administrators also attended the meeting.

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