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PM’s Small Business Loans Scheme

By adeelabbasbk - Last updated: Friday, September 27, 2013 - Save & Share - 3 Comments

PM’s Small Business Loans Scheme

PM’s Small Business Loans Scheme

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.

 

PM’s Small Business Loans Scheme

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3 Responses to “PM’s Small Business Loans Scheme”

Comment from waqas khan
Time September 28, 2013 at 9:48 am

i appriciate this kind of scheme

Comment from Muzzamal
Time October 2, 2013 at 8:58 am

how we can apply .Did u have any idea???

Comment from yasir
Time October 3, 2013 at 2:20 pm

when it start ..and how can we apply 4r this?

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