AGL 38.10 Decreased By ▼ -0.12 (-0.31%)
AIRLINK 133.60 Increased By ▲ 4.63 (3.59%)
BOP 8.77 Increased By ▲ 0.92 (11.72%)
CNERGY 4.71 Increased By ▲ 0.05 (1.07%)
DCL 8.70 Increased By ▲ 0.38 (4.57%)
DFML 39.91 Increased By ▲ 0.97 (2.49%)
DGKC 85.50 Increased By ▲ 3.56 (4.34%)
FCCL 35.20 Increased By ▲ 1.78 (5.33%)
FFBL 76.00 Increased By ▲ 0.29 (0.38%)
FFL 12.88 Increased By ▲ 0.06 (0.47%)
HUBC 110.25 Decreased By ▼ -0.11 (-0.1%)
HUMNL 14.11 Increased By ▲ 0.10 (0.71%)
KEL 5.43 Increased By ▲ 0.28 (5.44%)
KOSM 7.78 Increased By ▲ 0.11 (1.43%)
MLCF 41.60 Increased By ▲ 1.80 (4.52%)
NBP 70.25 Decreased By ▼ -2.07 (-2.86%)
OGDC 192.00 Increased By ▲ 3.71 (1.97%)
PAEL 26.40 Increased By ▲ 0.77 (3%)
PIBTL 7.39 Increased By ▲ 0.02 (0.27%)
PPL 161.80 Increased By ▲ 9.13 (5.98%)
PRL 26.49 Increased By ▲ 1.10 (4.33%)
PTC 19.47 Increased By ▲ 1.77 (10%)
SEARL 83.01 Increased By ▲ 0.59 (0.72%)
TELE 7.88 Increased By ▲ 0.29 (3.82%)
TOMCL 34.07 Increased By ▲ 1.50 (4.61%)
TPLP 8.62 Increased By ▲ 0.20 (2.38%)
TREET 17.12 Increased By ▲ 0.34 (2.03%)
TRG 60.50 Increased By ▲ 4.46 (7.96%)
UNITY 28.69 Decreased By ▼ -0.09 (-0.31%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 10,782 Increased By 123.1 (1.16%)
BR30 32,174 Increased By 842.7 (2.69%)
KSE100 100,088 Increased By 818.6 (0.82%)
KSE30 31,179 Increased By 146.7 (0.47%)
Business & Finance

Dawood urges women entrepreneurs to avail SBP scheme for inclusive economic development

  • The advisor said that female entrepreneurs should approach the central bank for their business financing needs, as SBP has a scheme specifically for this purpose.
Published September 26, 2020

Advisor to Prime Minister for Commerce and Investment, Abdul Razak Dawood has urged women entrepreneurs to avail incentives provide by the government in order to encourage an ‘all-inclusive’ economic development.

“Women entrepreneurship is essential for all-inclusive economic development and our government is promoting this culture through various interventions including access to finance,” said Dawood, in a statement.

The advisor said that female entrepreneurs should approach the central bank for their business financing needs, as SBP has a scheme specifically for this purpose.

“Under the SBP refinance scheme for women entrepreneurs, SBP provides funds to banks at 0pc, banks can provide maximum financing amount of Rs. 5 million on maximum markup rate of 5pc, with easy repayment options and risk coverage up to 60pc,” he said.

Initially in August 2017, the State Bank had introduced Refinance and Credit Guarantee Scheme for Women Entrepreneurs in underserved areas to promote financial inclusion and access to finance for women entrepreneurs in the country. Subsequently, the scope of the scheme was enhanced to cover the whole of Pakistan.

“We hope our women will avail this opportunity and become entrepreneurs in various sectors of our economy,” added Dawood.

Comments

Comments are closed.