SBP extends validity of its various Refinance Schemes by one year

General Karachi

Karachi: The State Bank of Pakistan SBP has extended the expiry date of the Refinance Facility for Modernization of Small & Medium Enterprises SMEs, Refinance Scheme for Revitalization of SMEs in Khyber Pakhtunkhwa KPK, Gilgit-Baltistan GB and Federally Administered Tribal Area FATA, Financing Facility for Storage of Agricultural Produce FFSAP, and Agri. Loans Refinancing & Guarantee Scheme for War Affected Areas of KPK and FATA by one year.

These facilities / schemes will now remain valid up to December 31, 2013.

Refinance limits already sanctioned in favour of selected banks/Development Financial Institutions DFIs under the above mentioned schemes / facilities will also continue to be available up to the expiry date of December 31, 2013, the State Bank announced in a series of circulars issued Wednesday.

Banks/DFIs can also apply for enhancement of limits after utilization of their existing limits. Further, other interested banks/Development Finance Institutions, may also apply to IH&SME Finance Department of SBP for sanctioning of fresh limits under these facilities / schemes, the circulars added.