Brief description Small business loans scheme will focus on unemployed youth, especially educated, looking for establishing new enterprises. Eligibility criteria All young men/women. Age not more than 35 Years. Entrepreneurial potential. Focus on women 50% of loans will go to women borrowers. Debt-Equity ratio 90:10 with tenor of up to 7 years Pricing 8% fixed for borrower but government will pay the difference of the cost at KIBOR+500 bps. Refinancing SBP to explore providing 50% refinance at the risk of participating banks Risk mitigation Government will share 50% of losses subject to a maximum of 10% of the loan amount Number of Loans 100,000 Size of Loan Rs.0.5 – 2.0 Million Average Loan Size Rs.1.25 Million Allocation in Budget 2013-14 Rs.5 billion Executing agency NBP and First Women Bank under the guidance and supervision of SBP. Other Banks will be encouraged to join. Sectors and Products All sectors. Standardized schemes/projects/ undertakings will be designed by SMEDA, projects designed by private sector service provider or individuals themselves.
Posted on: Wed, 25 Sep 2013 18:45:02 +0000
Trending Topics
Recently Viewed Topics
© 2015