Enterprise Development Fund: New fund to bring value addition

KARACHI: The Government of Sindh has launched the Sindh Enterprise Development Fund (SEDF), an initiative that seeks to introduce value addition technologies in the rural economy and enhance farmer income, said Sindh Board of Investment Chairman Muhammad Zubair Motiwala. He said that the Sindh Government has introduced subsidies on finances meant for the processing plants of agriculture products, fisheries and livestock. The projects intend to put up value addition processes in agroprocessing, fruit, livestock and dairy production. SEDF offers subsidies, making the financing almost interest free for 35 years, Motiwala said. The board approved seven different projects for subsidized financing, he added. It was also decided that SEDF will provide KIBOR subsidy for the three years initially which may be extended for two more years.

Published in The Express Tribune, August 11^th, 2011.