State Bank of Pakistan launched “Refinance and Credit Guarantee Scheme for Women Entrepreneurs in Underserved Areas” with 0% refinance rate and 60% risk coverage for small businesses.
SBP Governor Mr. Tariq Bajwa, while addressing the launch ceremony in Quetta, reiterated his commitment towards sustainable and inclusive economic growth across Pakistan.
“Women are central to this growth paradigm.”
‘It is for the first time in our history that a scheme with 0% refinance rate and 60% risk coverage for small businesses run by women entrepreneurs has been rolled out,’ he said.
“This scheme is an affirmative action by the State Bank to encourage flow of funds to small enterprises run by women in underserved areas of Pakistan. The scheme earmarks, at least 20% of funds for Balochistan,” said the Governor.
The salient features of the scheme are as follow:
- This facility is for women entrepreneurs in underserved areas of the country for setting up of new businesses or expansion of existing ones
- SBP will provide refinance to banks at 0%.
- Maximum financing amount is Rs 1.5 million.
- Maximum financing period is 5 years with grace period of up to 6 months.
- End user rate is 5% which is locked in for financing period.
- 60% risk coverage is available against outstanding principal.
He expressed his firm hope that banks will make all out efforts in making the scheme a success. He also told the banks that SBP will monitor the progress of the scheme closely.
Women & Men Both : Not A Single Gender
Ladies first…
Ladies Ka “L” & Gents Ka “G” K Bad Ata hai
Girls Ka “G” & Boys K “B” K Bad K Ata hai
Aur
Women Ka “W” Men K “M” K Bad Ata hai
Teno Taraf Se Hum Pehly Howye
Mard is dunia me pehly aaya hy aurat se.
Lekin ab aurat k bghair mard peda hee ni ho skta.
Ha theek Hai But Bat to Loan Ki Ho Rahi thi Ye Concept Kahi Aur Chala Gaya :
Equally Rakha Jaye Sub Ko
Yes I agree with you.
Loans for small business startups should be given on equal basis to promote SME sector.
Wow What Logic Bhaiye
This is good.
Will I get a loan if I deal in customer services?
If your services are good, then why not?
Equal and Similar rights are two different things, understand that illiterates and this is good, our Mother (Bibi Khadija R.A, wife of Prophet Muhammad SAL ALLAHO ALAIH E WA AALIHI WASSALAM) was a businesswoman, so people, show some respect
Men can do hard labour which women can’t do so try to understand if a facility is provided to ladies
where are the details and forms of this loan? how can v apply?