Islamabad- State Bank of Pakistan (SBP) has extended the deadline for submission of proposals under Financial Innovation Challenge Fund (FICF) 2nd Challenge Round on “Promoting Rural & Agricultural Finance in Pakistan” up to 25th April, 2014.

 According to statement issued today, the second challenge round was unveiled on 6th March, 2014 at local hotel in Islamabad. FICF is a component of the larger Financial Inclusion Program being implemented by State Bank of Pakistan under the funding assistance of the UK Aid. The objective of the second round is to pilot innovative products and delivery channels through development of new technological and infrastructure solutions in the areas of rural and agricultural finance.