Helping hand: K-P to launch credit line for SMEs

The scheme is yet another initiative to foster business growth and provide opportunities for self-employment.

PESHAWAR: The provincial government of Khyber-Pakhtunkhwa (K-P) will launch a Rs200 million credit line to small and medium entrepreneurs in the province by the first week of the coming month. K-P Chief Minister Ameer Haider Khan Hoti will formally launch the programme. Under the scheme, soft loans will be offered to the business community in order to help create new job opportunities in the province, and help the businesses in K-P regain lost sources of income. The project is a joint effort of the Small and Medium Enterprise Development Authority (Smeda), the Bank of Khyber and the Sarhad Chamber of Commerce and Industry. The scheme is yet another initiative by the K-P government to foster business growth and provide opportunities for self-employment in the province.

Published in The Express Tribune, February 29^th, 2012.