SME Bank Limited has initiated numerous measures for resolving the financial problems being faced by the business community engaged with cottage industry of Sialkot district.
The spokesman of SME Bank told Business Recorder here on Tuesday that the bank was making adequate efforts for resolving financial problems being faced by the small and medium enterprises by extending speedy loan facilities for promoting cottage industry.
He said the bank, advanced loans amounting to Rs 45 million for the promotion of cottage industry in Sialkot.
He disclosed that loans amounting to Rs 30 million had only been advanced to the SMEs in Daska tehsil. The loans had been advanced to the SMEs for the purchase of machinery, modernisation of industrial units and for purchase of raw material as well as for fulfilling other industrial requirements.
The SME bank would provide maximum loan amounting to Rs 30 million to the small and medium entrepreneurs aimed at minimising the financial problems enabling them to work with devotion and in pressure free environment.
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