Rehabilitating from floods: SBP extends refinancing scheme
Banks and DFIs can also apply for enhancement of limits after the utilisation of their existing limits.
KARACHI:
The State Bank of Pakistan (SBP) has extended the expiry date of the Refinance Scheme for Revival of small and medium enterprises (SMEs) & Agricultural Activities in Flood-Affected Areas by one year, ie from November 30, 2012 to November 30, 2013. Refinance limits already sanctioned in favour of selected banks under this scheme will also continue to be available up to November 30, 2013, says a circular issued today. According to the notification, banks and development finance institutions (DFIs) can also apply for enhancement of limits after the utilisation of their existing limits.
Published in The Express Tribune, December 4th, 2012
The State Bank of Pakistan (SBP) has extended the expiry date of the Refinance Scheme for Revival of small and medium enterprises (SMEs) & Agricultural Activities in Flood-Affected Areas by one year, ie from November 30, 2012 to November 30, 2013. Refinance limits already sanctioned in favour of selected banks under this scheme will also continue to be available up to November 30, 2013, says a circular issued today. According to the notification, banks and development finance institutions (DFIs) can also apply for enhancement of limits after the utilisation of their existing limits.
Published in The Express Tribune, December 4th, 2012